SPX500: Bull Rally May Hold Towards 4000.Hi Traders,
Price was in the middle of an ending diagonal a couple of sessions ago, until this situation was made invalid by the breakout above 3150.00.
I am therefore looking for a five wave sequence in the higher degree wave 5, and at the moment it seems that price may rally towards 4000.
The plan is simple: keep buying every pullback and hold until price reaches 4000.
Regards
Wave Theorist
Spx500long
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SPX approaching support, potential for a bounce!
SPX is expected to drop to 1st support at 3177.8 where it could potentially react off and up to 1st resistance at 3262.6.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.