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Elliott Wave Analysis: S&P 500 Intraday View

Published 06/23/2017, 05:44 AM
Updated 07/09/2023, 06:31 AM
US500
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S&P 500 is for now trapped in a sideways price action which can be black wave B or 2 and can alternately develop into a triangle or a complex pullback with bit more higher levels. In any case pressure stays on the downside but we need to wait on more data to determine which of this corrective patterns are developing. Clear five waves from recent highs indicates that we are going to see lower levels ahead, after this correction unfolds.

S&P 500, 1H
S&P 500 Hourly Chart


Disclosure: Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.

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