good afternoon,
quick little update on es.
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spx500 appears to be in what we call a double zig-zag in elliott wave theory - same as nasdaq and bitcoin.
i'm looking for a push up in the local area to around 4000,
followed by the finishing move which takes us down to 3444.
triple confluence at 3444 💰
that low could mark a significant bottom in the markets,
or in a worst case scenario, the structure could turn into what we call a triple zig-zag.
will talk more about it when the time comes.
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have a nice day o/