Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.
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Wednesday, April 8, 2020
4/8/2020 - EOD Update
After yesterday's reversal, the bulls came back to play for a little bit or squeezed the bears a tad to push wave (3) or (c) towards the 50% retracement level of the COVID-19 decline.
Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.
Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.
