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Elliott Wave Charting: S&P Futures 4h Review

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Elliott Wave Charting: S&P Futures

S/P futures reached new highs as expected, after the decline from the 1203 to 1184 lows was a correction shown as a red wave 4). Wave 5) is now in progress, and may be headed towards the 1214 region in the near future, from where down-side pressure is expected.

There is no evidence of a top yet, so patient traders will wait on a break through the lower side of an uptrend channel at the 1184 zone, for any large decline to be confirmed.

TheLFB S-PTheLFB Charting: S&P Futures 4h view

If you would like to be a part of TheLFB.com, to receive a full Elliott wave detail for S&P Futures (daily and 4h charts) and if you want to know what comes next and what to expect from the market, then join us now.

 



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