Near-term, there are multiple options at present and no "defining waves" to add clarity:
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Friday, March 26, 2021
SPX and INDU Updates
Last update noted the lower zones to watch, but SPX managed to find support just above the 3840-50 zone. This remains a flummoxing market, which is in keeping with the gravity of the potentially-major inflection zone:
In conclusion, the market remains within a major inflection zone, which is likely why the near-term waves want to add as much ambiguity as they can. For now, we'll continue watching support/resistance zones for next clues. Trade safe.
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Expanded flat looks pretty fine this Friday pm. Any luck getting my registration approved under papadop007 userid Been a few weeks...
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