Support at 2130 broke as I had suspected it would so a test of 2100 is now likely given the H&S pattern. The sell off today is attributed to the Hillary's ongoing criminal investigation and it seems like the outcome of the elections will be the key catalyst going forward. I am assuming if Hillary win then the market goes for a new all time high for sure, if Trump wins then we will finally see the market roll over and the end of the wave structure that started in 2009. Many have written off Trump already, including myself when the tape came out. But the latest email inquiry brings Hillary down and Trump has a real chance of becoming the President.
It will be actually funny if "Carlos Danger" (Anthony's Weiner's nickname) brings down Hillary's campaign, considering how he managed to screw up his own political chances twice for being a pervert.
I sold my longs and will be buying back at the test of support. Have a great weekend!
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Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
Long Term Trend = Bullish