Stock Indices Show Possible Fractal Countertrend Move

The Stock Indices had a little volatility today with up and down movements. However, the chart pattern suggests another greater degree countertrend three-step move may be developing. If this is the case, resistance in SPY is in the 410 area, and in the QQQ is 290 area. How the market interprets the election results will be key to the next degree move. Also, CPI is out Friday morning.

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