13 Jun Can the market still push to highs?
Can the Market regain form after last Friday’s stunning reversal? The answer is yes, as we can see that the pullback to 2415 on the SP 500 from 2446 highs falls within the boundaries of a typical “Wave 4” correction pattern. We are keeping an eye on 2407 as key support for the final end of Major Wave 3 in this stage of the Bull Cycle rally.
We have an updated Daily and Futures chart analysis below for the SP 500:
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