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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 42.80-11.9%Nov 4 4:00 PM EST
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To: Richard who wrote (203883)4/5/2025 11:10:33 AM
From: #Breeze10 Recommendations

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ES1! (S&P 500 E-mini Continuous Futures) Wave Count Update. Breeze

The outer Fibonacci retracement ruler measures a pullback from the Feb 2025 ATH to the Oct '23 low. Thru Friday the prices have retraced slightly below the 38.2% level. The 200 Week MA is at 4,688.61.

Now focus on the inner Fibonacci extension ruler. IF Wave C has unfolded as 5 five decline then expect much lower prices. I won't go into the math. Wave 1 and 2 are complete. Wave 3 typically tags the 161.8% level. Then a Wave 4 retrace to the 100% level. Then a Wave 5 to the ~ 227.2% level or 4,344. So this correction could go into May.

If Wave 3 ended on Friday then Wave 5 would end at a higher price.

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