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TFC Commodity Trading Forum

mini s&p *PIC*

A few weeks back I wondered how the market would react to the .618 extension price at 1400. Well, now I know. Price has formed a plateau centered on the 1400. Now i'm wondering how the market will react to the 2.618 extension in time of wave 2 next Wed. when we get there. We are now a week or two beyond a Bradley turn date with no big reversal, just a plateau pattern, so maybe this coming Wed. will be the trigger for a turn to the downside of a larger magnitude.