S&P 500 IndexLong
S&P 500 Bullish Trade Setup (+ve Delta Butterfly)
To the minor time frame, the S&P is forming a final subdivision into wave Y. We are looking for a wave (2) pullback with a longer term upside in the overall markets. Once the support level at 3822 is reached, will be in the indication that wave (2) is complete setting up a medium rally that could carry us into the 4000’s. Any pullback into 3822 level is a buyable zone for bullish verticals or Positive delta butterfly spreads.
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