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>> The market blew through the 861 level and never looked back. While
>> Thursday's price action forced me to consider the 862-869 price level,
>> Wednesday's forecast has so far proven to have been more correct
>> "My next targets for the end of this brief rally are:
>> First target 896-902 level which corresponds to a .382 retracement of the
>> move down from the 5-17 high to today's low which works out to be 902. If
>> this target range is reached it will likely be done by Friday or Monday."
>> Today's close of 898.96 puts the market right in the middle of this range.
>> IMHO the odds a very high that this Fibonacci retracement level will mark
>> the peak of this brief rally.
>> E
nice call. spx cash is retreating from the 902 level as of this
message... will it hold?
- *lk
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