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S&P 500: Elliott Wave and Technical Analysis | Charts – July 31, 2019

Despite a bullish move from the AD line yesterday, price has moved strongly lower. The short to mid-term picture is adjusted with new data, but the longer-term picture remains the same. Today the AD line indicates how much more downwards movement may be in store.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 31, 2019