Update on COMP: Dec 4, 2015

In our last update on COMP [see: Oct 28 Update] we pointed to 5124 as the next likely turning point.2015-10-28 COMP daily 1013Sure enough, 4 sessions later COMP reached 5124 and…stopped.  Thanks to DX breaking out, it spent the next week criss-crossing 5124.  Finally, on Nov 9, it began a slide down to 4908 — a 4.2% drop.

In an unrigged market, there would have been more downside.  But, as we’ve seen countless times, COMP holds a special place in the hearts of market riggers.  Well, at least where their hearts would be if — you know — they had them.

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