Roy, the Elliott Wave Practitioner, has just released a short video analysis of the SPX. Shorting from near current levels offers an excellent opportunity for a long term trade with the possibility of a great risk to reward. Click on the link to left of the screen to see this latest video. I will also be doing a shorter terms SPX analysis later today as I have noticed a very important Fibonacci confluence zone on the 1 hour if we retrace from current levels in a second wave from the top at 1176.
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