The above SPX Daily chart illustrates an Advanced GET set-up for a 100+ point SPX decline. We have a measured 4th wave, an Elliott Oscillator almost to the zero line, a False Bar Stochastic about to flip over and prices into the Fibonacci reversal window. A break now through the Trend Regression Channel coming up from the "B" Wave low containing the "C" Wave advance will trigger the trade.
The market can keep advancing and cancel out this pattern, but it can also finally reverse and provide an excellent trade opportunity to the downside. It should tip its hand in the next few days.
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