The S&P500 may reverse off the peak of 2020's Wave B. This would complete a downward 1-2-3-4-5 Elliot Wave pattern and then start a mid-term Bullish ABC corrective wave pattern upward. Looking for a bounce around 3550. If it comes, that could be a good re-entry point to ride up the ABC corrective wave, and then sell off prior to the .702 Fib Retrace.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.