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S&P 500 E-mini Futures Primary & Weekly Cycles We're in a 2 year BEAR market, that often sees extensions towards the 100% range at 2160 (previous Reports)Didn't reach resistance levels from the March low breakout at 2745, but the Market is heading down into 2160, but it doesn't spend too much time below this level in the next 3-months.I would begin to look for a counter-trend rally upwards from 2160 towards 2641 and as high as 2770 (50% of the range from highs)Once that happens, then I would be looking the next sell off from around June, as it begins a trending period towards new lows in 2021 (& long term buys)POSTED BY FRANK DILERNIA LINKS TO THIS POST
S&P 500 E-mini Futures Primary & Weekly Cycles
We're in a 2 year BEAR market, that often sees extensions towards the 100% range at 2160 (previous Reports)
Didn't reach resistance levels from the March low breakout at 2745, but the Market is heading down into 2160, but it doesn't spend too much time below this level in the next 3-months.
I would begin to look for a counter-trend rally upwards from 2160 towards 2641 and as high as 2770 (50% of the range from highs)
Once that happens, then I would be looking the next sell off from around June, as it begins a trending period towards new lows in 2021 (& long term buys)
POSTED BY FRANK DILERNIA LINKS TO THIS POST
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