CastAwayTrader

S&P 500: The Straightforward Path to the Red Box

CBOE_DLY:SPX   S&P 500 Index
Bulls can keep pushing S&P higher in a subwave ( c ) of wave ( iii ) up targeting the next resistance at 5,209.
However, I prefer a more complex and tricky Scenario 2 that first shakes off weak hands and only then starts a rally to 5,200
see the Scenario II:

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