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S&P 500 Index
Long

SPX500 Bullish Setup

By wstchse
Clear 5 wave down on the weekly with rsi bull divergence confirming the completion of the first cycel/leg down. Current structure suggests we are in either a new bullish trend or possible ABC correction that should take us up to test 4400-4500. As more structure develops we will have a better idea of if we are in a sharp correction or start of a new leg up to put in a new ATH!

Happy Trading!
Bullish PatternscalloptionsChart PatternselliowaveNASDAQ 100 CFDS&P 500 (SPX500)StocksTrend AnalysisWave Analysis
wstchse
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