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RE: What The Federal Reserve Just Did & Why It Matters
A five-wave move is underway to complete a five-wave Elliott cycle. Wave 3 is a large countertrend move from the end of wave four down to the low of wave two, which may be finalizing now. Wave 6 is a large countertrend move from the high of wave B at the start of 2018 down to its low near 10k currently.