Elliott Wave for SPX week of 8/28/17
"Minor wave" view of 5 waves up from April low of 2330 followed by corrective waves abc with c about to begin. Target area is 2390 as correction of higher level "Intermediate" wave having its wave 4 in area of target. Completion of c could be end of "Bull Flag" for next upward 5 wave move. Relative strength at bottom supports the profile.
Note
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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.