Stock Market Crash Fractal Pattern CompleteStock-Markets / Financial Crash Dec 22, 2012 - 02:39 PM GMT
It appears that the first crash fractal is complete. SPX and the rest of the market should resume the decline into the close. The next item to be challenged is the trading channel trendline and hourly mid-Cycle support at 1422.58. It is hard to say how much progress may be made before the close today, but if the SPX is in a minute or minor wave [iii], then we should see a sizeable gap down on Monday morning to move us on our way to the trifecta of supports, the Orthodox Broadening Top, the 200-day moving average and daily mid-Cycle support, all at 1388.00.
I won’t be sending out any communications again until Monday, because of the holiday weekend. I hope you and your loved ones all have a joyous Christmas and a Happy New Year!
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