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OANDA:SPX500USD   S&P 500 Index
Elliot wave model suggests the motive wave advance of higher degree is complete. Parabolic curve is broken already. Very convincing bearish case. But the volume is still very high which is usually means that extension to make a new ATH is brewing. I will be very cautious there. Fibonacci key levels have been great during the bull run will be interesting to see if we get a bounce back in the bear market.

There is more downside potential IMO

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