S&P 500 Index

S&P 500 Bullish Trade Setup

On the hourly time frame, the S&P is making a potential wave (iv) pullback that could reach the 38.2% support zone at about 4078. Notice the minor degree impulsive 5 waves given the nature of the 4th wave pullback. Looking to establish some positive delta butterflies or bullish vertical if the S&P tests the 4100-4150 zone of wave iv support.

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