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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: bob_o8/7/2025 12:27:43 PM
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humble1
rdkflorida2

   of 41014
 
In the S&P, it looks like we had a 5-3-5 (a-b-c) move off of the low on August 1 that completed this morning, which for now looks to be a wave 2 top. It went a little higher than a “normal” wave 2 corrective move, possibly aided by the monthly MuFu inflows. That influence should have run its course by now. A sharp move lower over the coming days would confirm that count, with the mid-5900’s as an ideal target. Of course, any move above this morning’s high would negate that scenario.
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