shaca
Short

SP500 multi year elliot wave count, target 2020

FX:SPX500   S&P 500 Index
270 2 6
on the monthly chart histograms tell us that a bull cycle is beginning, but first a pullback
Yes, a rising diagonal for wave 5 looks logical.
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I agree on the wave 5 and there is more upside to come but I believe this is wave 5 of larger degree wave 3.

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