Massive rally on lifted election uncertainty…SPX 20 pts away from .786 breakout

NASDAQ and SPX’s huge rally off the “end of election” uncertainty has nearly taken out .786 retrace in both indices…may ending diagonal bottom call last Friday was dead on perfect, but I didn’t capitalize on it completely by buying…I didn’t make a little but not the entire amount but that’s ok because longer term we’re setting up for a massive upward w3

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[2:48PM] SPX broke 1.00 of the C wave down setting up a the potential breakout on a bottom..however

If the indices fade like crazy like they’ve been doing every day for weeks at the end of the day, that would be D up and E down in an ending diagonal…I sold for whatever profit I could grab due to the weak move up on NASDAQ on what should’ve been a W3…but after hours if the indices spike up hard the reversal could be huge so I may buy after hours..

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[4:11PM] The massive impulse down today came as a big surprise…it was very relentless and broke all support but 1.00 in $SPX $COMPQ

Rarely do we see an impulse the size that we saw intraday coming off a 3 day high…it was scary and relentless but I had no positions when I saw it form all the way down to the low…SPX and NASDAQ both broke .618 and .786 support..if 1.00 at 3229 in SPX is taken out tomorrow we could see a plunge to 3100-3150 before any semblance of a bottom..

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