Expecting A nice Rally then BIG fall: LPT: 271 SPT 245.60
hourly chart major resistant there at the mean of the system for the last 3 months center red line at 271
Daily Chart The mean is also 271.00 for the arbitrage band and the intermediate band ( 1 Trading Year) is out of space so needs it needs to correct to it's over sold position of approximately 245.60 Coincidentally 271 will align to form a lower high in the elliott wave system as well.
Weekly Chart
Another Elliot Wave as it tests our momentum line with all Bands nicely stacked.
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