Elliottician

Weekly Analysis of S&P 500 Index

SP:SPX   S&P 500 Index
The analysis suggests that we are in the bullish third wave. The third wave will go on till 2230 being the next target. Any resistance shown at 2230 will bring the price down to 1629.36 and form a fourth wave.

Final Conclusion: Go long till 2230 is met and watch the prices closely. If the prices break above, I will be posting charts showing the next targets. If as expected, we see resistance in the area, take short positions till 1629 is achieved.

Good luck.
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