Sunday, November 6, 2016

Correction should end soon

The markets corrected this week too and if it is only a bull market correction, it should end with a Hillary Clinton win. If Trump win it means we are in an extended bear market.

There are 2 charts which suggest a bounce may be coming.

1. Trendline chart

2. RSI chart is very near its support levels.

Also EW, 1st fall was 8968 to 8556 = 412 points this fall 8807 to 8400 equal to 407 points,

If Trump wins we may hit 8200.

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