SP500 futures are possibly completing a zigzag that could resolve sharply down, depending on the final wave structure. Let’s have a look at the index from different angles.
In this analysis, I will evaluate the candles that SP500 formed on multiple frames, compare them to the candle formations in other major US indices. We will discuss technical events on different frames and analyze the long- and short-term perspectives for SP500 using Elliott Waves.
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