Are we at the peak of a 3rd wave?

FX:SPX500   S&P 500 Index
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This could be the beginning of a 3rd wave down. I have a detailed long term SP500             chart indicating long term waves. Some counts indicate that all 5th ways up are complete. I will post it later. Personally, I would keep away from SP500             for a while until I see strong bull signs. Good trades.
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