On the intraday chart of the S&P500 Futures contract we see a pleasant and sluggish pullback which has a corrective character so it confirms the truth that retracement is simply momentary and a part of incomplete uptrend. We see it as a blue wave (iv), which can sometimes retrace again to the world of a former wave 4 and for 38.2% in comparison with wave three. In our case we will see this fascinating zone coming in at 2050-2053 so ideally worth will bounce greater from right here. We expect that uptrend will proceed to 2085 quickly.
S&P500, 1H
S&P500 : Intraday View
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