The levels in yesterdays report worked perfectly today. It alerted us to weakness and a possible drop when the 1309.25 level was breached. With the overwhelming evidence piling in its evident that we are either bound up in possible triangle with the two ensuing abc structures and the next one will either be another abc thus validating the triangle or could morph into a flat attacking the 3/16 low in short order! The trade should be to identify highs to sell into over the next few trading sessions.
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