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S&P 500 Elliott Wave Technical Analysis – 17th August, 2017

The first hour of the session saw a break below the channel on the hourly Elliott wave charts. At that stage, downwards movement was expected, and an increase in downwards momentum was also expected. So far price is fulfilling those expectations.

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S&P 500 Elliott Wave Technical Analysis – 5th July, 2017

A red daily candlestick was expected for Wednesday’s session. Price has made a lower low and a lower high, the definition of downwards movement, but the candlestick has closed green after a rally at the end of the session.

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