Forex Trading: Elliott Wave Analysis On S&P500


E-mini S&P500 hit new highs recently around 2111as expected, where the black wave 5 of 5) posted lower in recent sessions. We have seen a decline of more than 25 points during the last 24 hours and that looks like the beginning of a new three wave of decline. Ideally to about 2020 after a successful break below trend line support.


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