Mon, Oct 18, 2021 @ 04:22 GMT
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Elliott Wave Analysis: S&P 500 Seen In Fifth Wave

SP500 is trading nicely bullish as expected with an extensions well above 4k that is seen as an impulse because of no overlaps. We are tracking a five-wave rise away from 3852; move that can come to an end this month as we see price now trading in wave 5; final leg of an impulse that has Fibo projection near 4200, so be aware of a slow-down. Drop below the trendline support will suggest that new corrective set-back is here.

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