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S&P 500: completion of a falling wedge signals a rally

FX:SPX500   S&P 500 index of US listed shares
117 0 2
The correction to 2157 was in five waves (falling wedge), this pattern is bullish . So it's no surprised the S&P 500             rallied in the last few days. Furthermore this rally is in five waves the fifth wave will end today. As long as the previous low remains intact there is a good chance the S&P             will rally in the short term as five waves up is associated with an uptrend in progress.
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