Market has been so volatile intraday
despite of some good news. Stocks are heavily traded but closed inch higher.
We expect for a correction wave 4 would come possibly target around minor wave 4 of 3 14200 and then proceed to wave 5 finishing big wave 1. Correction will last more than a week after labor day.
If correction exceed far below 14200, then we have to think of
either: one 5 waves of 1 is finished and
market will retrace as much as to 12300-13000.
or : Bear market resumed. Market has just finished a abcxabc which 1st abc: c=0.786 of a and 2nd abc : c=a, quite fib. match!
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