We had a perfect 1:1

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    Posted by matt on 2nd of May 2024 at 06:46 pm

    We had a perfect 1:1 abc move up and and the S&P 500 fell 110 pointsfrom 5123 to 5011 and was a great short- as did most instruments - that played out. So that statement was correct, after an abc or 1:1 move we get a deep retracement - I don't know what is confusing about that. We warned to be on a lookout after that abc move and a 110 point move down on the S&P 500 is pretty large

    I Never said or confirmed that the ABC high at 5123 was the high and that we were going to a new lows - if this is a larger wave 4, it should take a few months to play out, not go down and make a new low and be over so quickly - the last wave 4 in the fall last 3 months - this correction has only been about 1 month long. Time symmetry

    I was more favoring that move up to 5123 as abc of A, and a deep B retracement but a higher low(not a new low), then another C up. The bullish view is that we just go back to the highs.

    again -this is why we don't like to put these counts out often because guys take them and hold you accountable, even if they don't understand it or interpreted it correctly.

    focus and know your levels (demand/support and supply/resistance zones and triggers

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