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SPX, US StockMarket

kaori, Tue Jul 28, 2020 10:20 pm

Odds based for coreindex itself are weak for longside ride in US, there is butterfly placed which occures only at top of wave 5. It is slightly short yet, likely 1.272 butterfly while 1.382 is most common size to end wave 5. However, this might give some size of hit of selling over the next few weeks since it is coming from 4H datachart. Materialstocks as well many oilstocks however still having wave II low also based for Zup. Some divergences between some degree of wave III and wave V with ADX can be spotted indicating bearish tone.
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