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NeonLight
Aug 17, 2022 4:43 PM

SPX 8-17 Update 

E-mini S&P 500 FuturesCME

Description

Good afternoon, traders. As mentioned yesterday, SPX reached several areas of confluence at 4325 which constituted a valid pull-back area. Currently, the market is testing previous areas of support on this uptrend.

Looking forward, I expect a shallow move to the downside to complete wave 4, prior to heading upwards to finish this structure. Stay tuned.
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