Updated chart on S&P 500 is telling us, that maybe one more push higher may be coming on the index. As we can see recently price completed a three wave correction within the past wave 4 and later made a sharp rally higher. Current rally may now be an indication that wave 4 correction is completed and that wave 5, with a Fibonacci projection target of 161.8 is in progress.
S&P500, 4H
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