Current Elliott Waves - From 2855.94, it started red wave 3, and so far it finished black waves i, ii, iii and iv, and now it is doing black wave v. In my opinion, spx finished already blue subwaves 1, 2, 3 and 4 and it is doing now subwave 5. When blue subwave 5 is done (one week or so), it will finish red wave 3, so I expect a sizeable drop (at least 100 points on spx), probably in the shape of an ABC down.
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