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Sean HymanSean Hyman
Post count: 3396

On the hourly chart of the S&P futures, there’s a “rising wedge” or in Elliott Wave terms known as an “ending diagonal”. They’re bearish patterns because the upward momentum slows down. Once the bottom line is taken out, it tends to eventually have a minimum price target of the bottom of its pattern. It can always surpass that.

But over the coming weeks, we likely see something like this unfold (yellow arrow).

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