The S&P500 has reached its rebound B wave target area near 4400.
We are now expecting a drop towards the line linking the lows since 2008, near the 3100/3000 area.
RSI-14 is also at resistance.
A break above 4620 would invalidate this bearish view.
We are now expecting a drop towards the line linking the lows since 2008, near the 3100/3000 area.
RSI-14 is also at resistance.
A break above 4620 would invalidate this bearish view.
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