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SPX500USD: Partial Decline With Two Bullish Harmonics

Long
S&P 500 Index (OANDA:SPX500USD)  
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OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Harmonic Patterns SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) Descending Broadening Wedge partialdecline Bullish Gartley Bullish Shark
5
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trendanalysis chartpattern harmonicpatterns spy spx spx500 descendingbroadeningwedge partialdecline bullishgartley bullishshark
We have a Bullish Gartley on the 30 Minute and a medium sized Bullish Shark on the Daily within the local range above the support zone. If we can trade back above the zone marked in the white box on the bottom right chart we will likely reconfirm our partial decline from there and breakout of the overall Descending Boradening Wedge and go for Macro Targets between the 1.13 and the 1.618 Extension of the previous Local High to Low which would take us to the Halfway and Full Measured Moves of the Descending Boradening Wedge Respectively.

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