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Standard and Poor downgraded the outlook for the US to negative and the markets sold off. In today's video I discuss how we intend to play the failure of the 76.4% retracement from 07 high to 09 low at 1341 and potential Elliott wave 2 of a “bear market”, yes I know we hope this isn't the case but we have to be prepared as traders. AUDUSD held up OK and closed above its 8 day exponential moving average. We took action yesterday and bought new crop December Corn.
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
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