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At 6:50 AM in New York, 5 day cycle projection on ES, S&P fugutures 4655-60. But what a mess. If they clear 4685, could be off to the races on the upside again. Otherwise we got ourselves a steep downtrend working.
Update 9:40 AM
The red channel is intact and the 5 day cycle projection is 4648.
Instantly followed by your daily WTF moment.
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