Elliott Wave Analysis: S&P 500 Going Complex
Gregor Horvat | May 04, 2016 05:40AM ET
On the intraday chart, S&P 500 is still in a corrective complex pattern, named a double zig-zag. For now price completed most of this corrective pullback pattern but we still need to see one more push down to the lower boundary line of the corrective channel where we can search for potential reversal signs. We expect support around 2.031 zone which should be reached very soon.
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