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- EW count of price using fib levels from 1974 to present.
- Quarter closing tgt $3130-$3150
- Black Swan could bring recession early causing quarter to close far below target.
Downturn could come as early as 2 Dec - Tvix 10-to-1 and Viix 5-to-1 reverse swaps. Historically, these swaps have come at market decision points with only bear traps. However, could be the real thing this time around.