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Saturday, December 10, 2016

Saturday, 12/10/16 update

Moon shot in progress.  Who knows, the way this is unfolding we could well be aiming for Mars!

Long term view has the ES/SPX in Major Wave 5 of the bull market that commenced in the spring of 2009.  Current count has it in Minute W3 of Minor W3 of Intermediate W3 of that 5th wave - i.e. the 3rd of the 3rd of the 3rd.  The price action since the election day low certainly has been confirming this view.

A very preliminary target for Major W5 is ES 2569, but the emphasis is on preliminary.  It's far too early to know how probable that target may be. 
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