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Chart of the Day: S&P Futures Long Correction


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Chart of the Day:

S&P Futures

S&P futures are trading higher, away from the lows that were reached in the past week.

The market is now trading in a Long, red wave a leg, which is the first wave of larger, black corrective wave II). The current wave a may find its highs somewhere around the 1105 zone from where a small, Short corrective wave b should appear.     Once a wave b) is complete, a push higher towards the 1120 zone with the wave c leg will be expected.

TheLFB Charting: S&P 4h view

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