Stocks were firstly trading lower three weeks back and took out lows from August 2015 from where we have seen a push down to 1800 where price bounced for nearly 130 points. This looks like a nice reversal pattern that can send price much higher in weeks ahead, but we still need impulsive five waves up on lower time frame and an important overlap with 1983 level to confirm end of a W-X-Y downward correction since May 2015.S&P500, Daily
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