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S&P500 Now at Support; 2870 Region in View - Elliott Wave Analysis

Published 08/09/2018, 10:55 AM
Updated 07/09/2023, 06:31 AM

Hi traders,
S&P500 is trading similar as before, however we like the fact that the price is making a slow progression around the Fibonacci ratio of 38.2. This Fibonacci projection can offer support for wave iv), and can later push price into a new rally above the 2863 region for wave v).
S&P500, 1hsp, 1h

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