LOOKS ONLY at the CHANNEL thats being FORMED on the decline OF 1332
The NEXT touch point is equal to the NOV high at 1228
WE should get ONE MORE SELL OFF to at least that level tomrrow
then it looks like about 4 days of SIDEWAYS to UP till the22nd or 23rd, as a guess for the moment.
CONSIDER that ELLIOTT wave {A}, rather than A
Jay
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