Now i am nothing close to an expert on elliot wave theory. I still have multiple scenarios running thru my head, thats why i have tight stops on my ultra shorts. on the upside from here i see 1540 area. on the downside i see 1440 and if we break that its down to the low 1300's (thats a crash scenario) expanding triangles are usually caused by a state of fundamental limbo (i.e slowing U.S economy on one hand and liquidity & global strength on the other)
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