Elliott Wave and Index Trends with POKERSAM Message Board

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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM

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POKERSAM

To: POKERSAM who wrote (1744)	5/8/2025 5:33:57 PM
From: Rarebird	2 Recommendations of 1764

Bear markets are strange animals in that they destroy bulls and bears alike at different stages of its development. I have no doubt that SPX will fall 40%-60% before the first leg down of this bear market concludes. However, rallies are features of bear markets and we are currently in the midst of one. $5700 SPX appears to be stiff resistance. Will the $5700-$5750 area of SPX be taken out. I don't know. The Market is acting irrational in response to friendly tariffs news, which is bullish. At some point, reality will set in. But I have learned as a person and swing trader to live in the moment without passing judgement. Life and markets are strange at times. But it is important to go with the flow while being on the look out for reversal patterns.

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