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S&P 500 - Bearish Butterfly Development

FX:SPX500   S&P 500 index of US listed shares
Price on the daily has respected the 78.6% Fib Zone of a Bearish Butterfly Structure.
We are currently looking to develop the B-C Wave.
Price action of S&P500             is bearish and is losing steam and strength for further upside as in monthly chart too.
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