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Elliott Wave Analysis: S&P500 Update

Elliott Wave Financial Service
By Elliott Wave Financial Service

On stocks we have seen much action lately, but still higher prices on S&P500 and Dax. On E-mini there is unfolding a wedge pattern, knows as an Elliott ending diagonal that can be placed in a fifth wave. That’s a very powerful pattern that may cause a strong decline if wave four swing at 2551 is broken.

S&P500, 1H

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