WEEKLY TECHNICAL REVIEW OF SPX

  • I maintain the long term scenario (Updated on July 9).
  • I maintain the short term scenario that calls for a counter trend wave (B) rebound off the June 4 low.

WEEKLY ANALYSIS 0826

  • I raise the initial target range for the pending wave (C) down from (1248 – 1207) to (1293 – 1248) since due to the extended move above the April 2 top, now a dee

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