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micah_trader

SPX (S&P500) may Reverse off 2020 Wave B Peak for ABC Correction

Long
S&P 500 Index (SP:SPX)  
micah_trader  
SP:SPX   S&P 500 Index
Elliott Wave Fibonacci Support and Resistance
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elliottwaves fibonacci supportandresistance
The S&P500 may reverse off the peak of 2020's Wave B. This would complete a downward 1-2-3-4-5 Elliot Wave pattern and then start a mid-term Bullish ABC corrective wave pattern upward. Looking for a bounce around 3550. If it comes, that could be a good re-entry point to ride up the ABC corrective wave, and then sell off prior to the .702 Fib Retrace.
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