S&P Futures just broke to a new low on
Draghi speech, so it seems this market is headed now beneath 1600 as current
decline in wave three or wave c is incomplete. In any case we will be tracking
an impulsive, five waves down so more weakness is expected while market is
trading beneath 1621. Coming bounce should be corrective wave four, before
downtrend resumes.
S&P
Futures count #1- wave b triangle, now wave c down
S&P Futures count #2- wave three in progress
of a larger bearish impulsive decline
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