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Elliott Wave Analysis: S&P500 Trading on the Bullish Side

Elliott Wave Financial Service
By Elliott Wave Financial Service

S&P500 is trading on the bullish side, now unfolding wave v as part of a bigger degree impulse. We know that wave five is final wave of an impulse, meaning once it fully unfolds a new three-wave correction may come in play. Support for the upcoming correction may later be around the former swing low and high at 2442/2453 level.

S&P500, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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