4th Wave Appears Complete: Initial Downside Target 1760-1780 ?

FX:SPX500   S&P 500 Index
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At the point of the two horizontal white lines, wave C equals wave A and wave 4 is a 50% retracement of wave 3. This may signify that wave 4 is complete. Trading is opened and gapping is already occurring in what looks like a very small impulsive sequence from 1972.9. My minimum estimated downside target for the 5th wave is 1760-1780.
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