surfingmarket

US Equity near term pull back watch out.

OANDA:SPX500USD   US SPX 500
The S&P             has been played out as expected to go into the new rally which is the fifth wave in a larger degree. However, near-term price action suggests that a pullback is imminent. The bullish count(GREEN) indicates a shallow correction to 2750. A more bearish count(RED) indicates a more aggressive move to 2670.
The bullish version is much more likely at this point.
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