When I look at our divergences and moving averages, I have to assume the SandP is not finished yet. The other scenario I posted is possible, but when you look back like I did, u see that every time the SandP is in this position it crawls up. Due to the wave count, I would expect the move up to be part of a flat correction....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.