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epistemophiliac

S&P 500 Starting Last Micro Wave Up

S&P 500 Index (SP:SPX)  
epistemophiliac  
SP:SPX   S&P 500 Index
Elliott Wave
4
0
elliottwaves
S&P 500 Still Needs A Small Upward Push Before Beginning Decline
S&P 500 Approaching Wave 3 and Ichimoku Leading Span A

It appears that micro wave 4 developed as a zigzag and has bounced off Ichimoku’s leading span B.

We should now begin micro wave 5 up.

If prices decline below 3837.87, micro wave 4 is still in effect. Under this scenario, prices shouldn’t decline below Ichimoku’s leading span A before beginning micro wave 5 up.

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S&P 500 Still Needs A Small Upward Push Before Beginning Decline
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S&P 500 Approaching Wave 3 and Ichimoku Leading Span A
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