sp'daily3 - fib retrace levels
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Summary
Suffice to say, yesterday was indeed a nonsense 'bounce', and whether you want to call it a wave 2, B, or X.. or whatever.. it doesn't much matter.
We're headed broadly lower into next Wednesday's FOMC... at which point we'll surely see a key turn.. with renewed upside into end year, and at least the first half of January 2015.
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Closing update from Riley
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a little more later...