Indice S&P 500
Short

SPX Strong Resistance level at 78.6%

409
Is this 5-wave impulse currently labeled as wave (B) actually of all higher degree The SPX is carving out a wave (B). We may be contained within in the highlighted range in wave (B) and wave (C) for the 2nd half of 2020. On guard for a possible top.

The immediate rally should take us into 3127 which is an ideal level to establish some bearish positions. Look to establish shorts into the 3127 for W.blue (B).

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