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sciencei

Either Ending Wedge or Extension of 3rd Wave

S&P 500 Index (SP:SPX)  
sciencei Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Elliott Wave
5
0
trendanalysis chartpattern elliottwaves
Clearly going within green trend. No meaningfull retracement. Best interpretation is "It is still a 3rd wave"...
It may have ended in a wedge yesterday or followthrough to the upside in a Santa Claus rally.
No good Risk / Reward for a trade setup at the moment.
Comment:
...still in third wave of minute degree. The wedge was indeed a wedge (diagonal)... However it was a leading diagonal!
More fuel on the upside left as of this point.
snapshot
Trade closed: target reached:
continued to the upside.... now it is about time to turn bearish. stay tuned for our updates!
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