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S&P 500 Index

SPX correction has begun

By the_sunship
Updated
All in the video. I believe we will finish the A wave today and the B wave tomorrow or Friday before a larger move up to 4350.

Good luck!
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upper channel area reached, should be resistance snapshot
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the B wave may be shallow or steep, we'll see how it looks into Friday's numbers probably. snapshot
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good morning. I'm traveling today so no updates till next week. It looks like they may break up out of the channel today, if so - likely gets to 4290-4300 on spx cash. A breakdown and we go to the bottom of the channel and probably find support there. RSI and price action is hinting at up right now but it could be very choppy today and do neither, waiting for the numbers tomorrow at 830.

Good luck and see you next week!
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snapshot
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breakout of channel, should continue to about 4300 area to finish the first A wave. snapshot
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false breakout, so B wave continues for today, C up should be after. snapshot
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new analysis -
SPX - top of this leg may be in
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new video -
Chart PatternsTechnical IndicatorsS&P 500 (SPX500)Wave Analysis
the_sunship
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