S&P 500 Undergoing A Three-Wave Rally

E-mini S&P 500 is turning up for the last 48 hours which was technically expected because of a five wave fall down in wave C/3. Keep in mind that after every five waves market will make a three wave reversal minimum, normally back to the area of a former wave four which is at 2358. If this 2358 would be broken by an impulsive structure, then we may start looking back to 2400.

S&P 500, 4H

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