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Fomenka
Jul 3, 2022 5:33 PM

SP500 revision  

S&P 500 index of US listed sharesFXCM

Description

Another revision for today. Having revisited smaller timeframes I remembered why I had the idea with expanding triangle in the first place. The area in green rectangle does not allow me to count wave 1 down as an impulse. It looks like wxy. The same is on other charts (DJI and Nasdaq). Therefore I conclude that we might be in a scenario with torturous and volatile ending diagonal rather than swift and deep implulse wave.
Comments
sunriselmi
i like torturous.
Chartguru1
Very well could be an ending diagonal into September
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