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The drop this morning looks corrective. I think you may be interpreting the charts incorrectly. I still see a wave 5 of C up to complete the larger countertrend… This morning we’re finishing up a 4.  So I think the big move down comes in a day or so… possibly 2.  I’m looking at 1276-1279 on the S&P for a top.

ES Fibonacci levels: http://niftychartsandpatterns.blogspot.com/2011/11/es-fibonacci-levels_14.html

There is a 127.37 print on the SPY at 8:03 am this morning.

Guys, I guess I’ll be here most of the day (I usually am anyway) as the chatroom over at SMB is full (20 people maximum) and I can’t get in… LOL.  I’m sure they are all doing well without me though.

😉

Thanks for stopping by AC, and so far it’s looking good for us bears.

Hello Leo,

I was the OP from that Thread at GLP (AC from the Netherlands) that they have taken down. 
Perhaps you already know i have been banned there.
Thanks for making screenshots from the beginning of that thread.
I have downloaded them and i have seen your video on youtube.
Thank you for doing this.

AC_Netherlands.

Hello Leo,I was the OP from that Thread at GLP (AC from the Netherlands) that they have taken down. Perhaps you already know i have been banned there.Thanks for making screenshots from the beginning of that thread.I have downloaded them and i have seen your video on youtube.Thank you for doing this.Netherlands.