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Selling's not done.
Today is pure technical tradings. S&P went down to Fib 38.2% retracement, traders jumped back and pushed it back to 1028, but I don't think this oversold bounce will last longer than a day or two. Tomorrow's NFP will dominated the market move.
Today gold, oil, and cupper plunged, gold broke its uptrend line. This is not a good sign. The worst is coming I think.
Fibonacci downside projection
S&P 986
Dow 9236
If we get a really bad NFP tomorrow, I will ST buy at these levels |
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