The market has experienced consolidation at the 575 level and with RSI in the basement I am expecting a powerful reversal to the upside by Friday that will last several weeks. Wave 2 targets are at 597 (0.618) and 604 (0.786) before a larger selloff begins in April.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.