SPX Update
SPX is still on track looking for a top of wave 1 in a higher degree extended 5th wave. This forecast is typical of a terminal move to all time highs (extended 5th wave). I still remain bullish and will not turn bearish until 3350-3500 in the SPX. We should see an extended correction over the next few weeks that takes us into the lower 3000s and then continued upside from there. 3100-3000 are solid buy zones for all the blue chips that drive the SPX NDX and DJI.
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