S&P 500

5 May 2022 ‚óŹ 04:05 AM

The rebound in US equities looks like wave II of 3/C, and second waves can retrace up to 61.8% of wave I. So while the 20dma resistance is at 4340 as the first hurdle we cannot rule out a push toward4418 before wave III down starts. III of 3/C should be more brutal however as third of third waves are.

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