S&P 500 heads toward psychological target

Elliott Wave Forecast

The E-mini S&P 500 (CME:ESU14) remains in uptrend, now heading up towards 2000 psychological target where we see some Fibonacci levels that could cause a slowdown in trend, especially if we consider that summer is here. From an Elliott Wave perspective we see market now in fifth wave of wave five of even bigger wave five, so some new and bigger corrective retracement may follow soon, but as said after 2000.


S&P 500 Daily Elliott Wave Analysis

 

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