SPX: looks like it's in a small degree Wave 4 consolidation. Wave 3 exceeded 161.8% of Wave 1. If Wave 5 = Wave 1, Wave 5 can reach 6950 area. However, Wave 5 = 61.8% Wave 1 is also quite common, which would take us to 6900 area. 
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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.