S&P 500 fell sharply into wave C following UK votes two weeks back; it moved down into final wave of a big corrective set-back from April of this year. We see a flat correction, that is a 3-3-5 contra-trend move that appears finished following recent bounce from 1981 that has impulsive qualities so we think that price may go much higher but after a pullback down into a red wave 2) that is now underway to around 2040-2055.
S&P 500, 4H
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