Potential corrective structure development in the short term, we expect a 5-6% pullback in the next sessions. Short term strategy (wave 4), and long term strategy in the medium term (wave 5). Click on the chart to follow intraday charts updates.
NOTE: After completing the harmonic structure (see chart below), the index triggered a fast pullback.
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U.S. stocks ended little changed, while Treasuries pared gains as American government officials tried to ease concerns the country was headed for armed conflict with North Korea. Crude fell on a jump in gasoline stockpiles. The S&P 500 Index almost erased losses in the final hour of trading and the CBOE Volatility Index pared an advance as Secretary of State Rex Tillerson signaled military confrontation was not imminent. He was one of several officials in the Trump administration who sought to fine-tune the message on how it will address North Korean threats.