I'm keeping a close eye on the S&P 500, and my Elliott Wave analysis suggests that the index could be gearing up for a significant move upwards. After completing a corrective pattern, which I've identified as Wave (4) on my chart, it looks like the stage is set for Wave (5) to unfold. This next wave is anticipated to carry the index higher, potentially targeting the 1.618 Fibonacci extension level at 5340.60, offering a solid opportunity for a long position. It's worth noting that the index has shown resilience, bouncing off the lower trend line, indicating underlying strength. I'll be watching closely for confirmation of the trend reversal and am prepared to capitalize on the possible bullish momentum in the coming sessions. As always, keep risk management strategies in place, as market conditions can change rapidly
Trade active:
Is going in the right direction
Trade active
Trade active
Trade active
Trade closed: target reached
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