SP500 Elliott Wave Analysis
Overview: The Trading Levels Sub Group2 (SG2|3080|3072|3065) continues to support the SP500.
SP500 Elliott Wave Analysis: SG2 support is viewed as Wave (iv) corrective pattern, if a new high is made, then expect a move higher to 3120 - 3130.
SP500 Trading Strategy: A move above 3100 creates a short term long trade. A move under 3086 creates the short trade, with the view of adding again when the 3080 develops as the resistance.
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