S&P 500 - Rally to 3270 or Pullback to 2940???
Been going over my wave analysis. Sorry if it is hard to read. There is a chance that we have not finished the corrective wave and there is one more leg down to 2940. The time scale of the recent drop was significantly shorter than the previous one. There was a hard rebound in this recent correction that made it look like a completed corrective wave, but from a time scale perspective the rally we just had fits better. I guess we will find out by 4pm or tomorrow.
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