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S&P 500 Index

SPX Roadmap Update March 2024

By Neon
Updated
Critical time ahead if there is to be a pullback. Likely Fed triggers final push before a potential reversal
Note
Good initial break this week but needs more work into mid May
Note
This is working. Around 4940s is viable
Note
4940 was tagged on futures but on cash was slightly above. This still leaves Monday to close cash futures divergence but there are min waves in the structure to be counted as complete. So far the min size for this initial leg of the correction has been achieved.
Note
2 weeks of consolidation so far after the initial leg down
Trend Analysis
Neon

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