Elliott Wave Analysis: S&P500 Could Face A New Turning Point

The USD is lower while US stocks are keep moving higher with the E-mini S&P500 trading at new highs of they month.

The USD is lower while US stocks are moving higher with the E-mini S&P500 trading at new highs of the month. German DAX is following the bullish pattern after a bounce from 10035 which now suggests even more gains ahead. However we see E-mini trading at resistance now so sooner or later we will see a new turn down, into a three wave retracement minimum.

S&P500, 1H

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