The market may bounce out of the current ascending triangle formation up to 2700 which is a previous support/resistance level upon announcements of monetary and fiscal stimulus plans. I'm 40 percent confident this will happen, just throwing a number at it based on gut feel, not using statistics or anything. Minor Elliott wave "A" should be complete around 2000 which is a Fib retracement and whole number psychological support level.
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That didn't play out according to the analysis. It turned into more of a bear flag pattern, added to short position once day turned red.
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