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Elliott Wave Charting: S&P Futures Correction

S&P Futures

An upward correction that started on Friday is in play, and prices are now trading in a black wave C leg. The top of this move may get hit around 1075 region, between the 50% and 61.8% Fibonacci level of a previous decline, where the blue wave ii) may complete.

More down-side pressure is expected, while the market trades below major the 1100 resistance region.

TheLFB Charting: S&P Futures 4h view

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Disclosure: No pos.