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S&P500 Looks Toward 1900: Elliott Wave Analysis

As expected, the S&P500 has found a support around 1846-1855 area that we highlighted it at the start of the week. We have seen a nice three wave retracement into that zone where market turned bullish again and already touched 1882 swing high from a week back. Based on current development we see a completed wave (b)/(ii) at 1843 so uptrend may resume in sessions ahead towards 1900.

S&P500 4h Elliott Wave Analysis

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