Ewj: elliott wave

The Texas Instruments and Fed-Ex earnings guidance disappointment that came out after the close should be an interesting "test" for the market.

If we can still rally on bad news, .786 on the SPX would target 950.00
 
Crude oil is totally FLAT, but that isn't keeping traders and fund managers from nibbling once again on the OIH which is +3.5% after the first 30 minutes of the session.
 
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