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thierryladuguie
Sep 7, 2016 9:39 AM

S&P 500: completion of a falling wedge signals a rally 

S&P 500 index of US listed sharesFXCM

描述

The correction to 2157 was in five waves (falling wedge), this pattern is bullish. So it's no surprised the S&P 500 rallied in the last few days. Furthermore this rally is in five waves [1,2,3,4,5] the fifth wave will end today. As long as the previous low remains intact there is a good chance the S&P will rally in the short term as five waves up is associated with an uptrend in progress.
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