Eye on RSX

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Market Vectors Russia ETF (RSX) is following through on its downside path. However, so far, it hasn’t yet broken its June low of 17.62, so the potential for a move back to 19.03-19.55 in wave c of (ii) remains, which would have me looking to add to the short.

If 17.62 is broken, it appears likely that such move would find support in 17.08-17.27 range, to be followed by wave ii of (iii) up.

Whether through a high bounce or not, I think the odds are good that RSX will complete its downward pattern before expiration.

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Originally published on ElliottWaveTrader.net, by Xenia Taoubina.

A Near Disaster For Boeing’s 737 Max

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A bear surprised to see a door open on a 737 Max

It’s A Miracle No One Died This Time

On Friday, a hole opened up in the fuselage of a brand new Alaska Air Boeing 737 Max.

Video of the Alaska Airlines Boeing 737 Max making an emergency landing in Portland after part of the aircraft blew out.

The plane had just taken off and had reached 16,000 feet before returning to the airport.

The aircraft was new, having just been delivered in October. pic.twitter.com/FUNKlyDli9

— Yashar Ali 🐘 (@yashar) January 6, 2024

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