Either down 150 tonight then flash crash tomorrow night..
Or flash crash 600 points tonight then recover -150......
Either way that's the favourable outcome - XJO's got 50 points left in target for H&S , DJIA's got 600 for same point either of above scenarios would be favourable outcome to clean the muck out nice & quickly & tidy the charts of both indexes.
On the other hand US is in a pretty bad position IMO - if it doesn't respect either of those targets then things are looking ugly. For now i'll stick with them & if they fail or dont bounce straight up then re-assess...
Just my opinion....
predictions on how much dow drops tonight, page-11
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