INDEX:SPX   S&P 500 Index
156 1 5
And yet, another view. Bull porn. Long here = risk defined to the close below the .886. Where's the short risk defined? I actually cannot say. - maybe 2088. The depends on your style and time frame.

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I'd just add to your analysis a 161,8 projection on the big $910 bearish move which took place early on the 2008 crash, which would result in a 2.138 target, which would then seem to me as the end of wave 3. And that could be reinforced by what it seems to me as the fact that we are in a symmetric triangle (support from 1.820,66 and resistance from 2.119,59) representing the final phase of the long term bullish trend, a bullish break of which would put the market into a falling wedge (more long term support and resistance), which resistance could then touch 2.138 and also 2.169.
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