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Indice S&P 500
Long

S&P500 3-3-3-3-3 CONTRACTING TRIANGLE CORRECTION (1HR)

Par PHICAPITALINVESTMENTS
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Looks like the flag on the 30min-1hr timeframe is developing as a 3-3-3-3-3 Contracting Triangle for upside. I believe we are starting the 3rd leg of Wave 4, which should take us up to around $4180 hopefully by tomorrow, followed by Wave 5 to around $4100 thereafter. We should see the larger time frame upside move towards ATH to resume after completion of this correction, perhaps starting next week.
Note
Idea Invalidated.
Bullish PatternsBullish FlagChart PatternscontractingtrianglecorrectionFLAGSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis
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