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S&P500 Elliott Wave Analysis: Looks For New High

Pullback from latest swing high has unfolded in three legs so we assume that move is corrective within ongoing uptrend. We see it now as wave iv, as part of expanding diagonal placed in wave v) that may find a top at 1892/1900 region. With that said, we still see prices in final stages of a five wave recovery from 1732 so be aware of a retracement from a new high.

S&P500 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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