SPX 8-17 Update

Good afternoon, traders. As mentioned yesterday, SPX reached several areas of confluence at 4325 which constituted a valid pull-back area. Currently, the market is testing previous areas of support on this uptrend.

Looking forward, I expect a shallow move to the downside to complete wave 4, prior to heading upwards to finish this structure. Stay tuned.
Trend AnalysisWave Analysis

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