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SPX is in 5th wave of 5th wave in 4 hr time frame. It completed 1st subwave of 5th wave and 2nd subwave is in progress, so stay long near 3236 with stops below 3204, for 3rd subwave up. Overall it should be end the cycle at 3350-70 level. Good trade set up after yesterday's big fall and then sharp rise.
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