After a clean break from the descending structure, SPXUSDT established a solid base within the strong demand zone, followed by a bullish pennant breakout.
The wave count suggests the current move is targeting the $1.77 zone as wave (3) before a minor correction for wave (4), with the projected end of this bullish cycle aiming around $3.20. Immediate support remains at $1.14, and invalidation only occurs on a break below the previous base. Structure remains bullish unless proven otherwise.
The wave count suggests the current move is targeting the $1.77 zone as wave (3) before a minor correction for wave (4), with the projected end of this bullish cycle aiming around $3.20. Immediate support remains at $1.14, and invalidation only occurs on a break below the previous base. Structure remains bullish unless proven otherwise.
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Disclaimer
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