Guys, I think we MAY have completed an ending diagonal for a TRUNCATED intermediate 5th of primary wave C of cycle wave B !!! Shoot! I HOPE I AM WRONG! I'll post a zoom-in of the futures trading action.
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seekers36
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I can't see this happening unless WWIII starts. S&P @ 1600 seems like the most likely worst case scenario.
LetsBeMillionaire
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totally agree...this is really bearish scenario. Even though USA economy not better, its stil better than rest of the world. Market cant fall this much unless some NUK crisis happens. Dont think we will see 2008 again. Also if market has to fall, it wil fall in few months. Not fall till 2021. To climb stairs u need lots of time but to jump off the bldg, just in min, u r on the ground.