Evening Elliott Wave Update 1.07.18 $SPX $COMPQ $DJIA

I didn’t buy anything because right at 1PM the market begun to fade hard and faded over 100 points in the DOW by the close…this is still an upward W3 setup in NASDAQ and SPX but I feel more comfortable buying when the indices close at the highs..when it fades like this and doesn’t close at the highs we could just wait for a morning .786 breakout to go long so that’s what I’ll do..

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