candlered

SPX500 wave analitycs for May

Long
OANDA:SPX500USD   S&P 500 Index
Now we have reached the end of the third wave, judging by the fact that the divergence began. Next we are waiting for a slight correction and the final fifth wave. This is all based on the scenario where we have a third wave (of higher order) that is shorter in length than the first wave. Therefore, the final fifth wave cannot be more than the third wave and the target is more than $4370. Cheers!
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