Elliott Wave theory has many followers despite the fact that the complexity of rules to be applied always leaves variant readings. I’ve provided a link to one expert that provides both free and subscription market analysis.
The chart posted shows a compressed diagonal pattern that may signal the exhaustion top of a long bull run. Visit World Cycles Institute for more analysis and explanation.
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Amazing Insight !!
At World Cycles Institute charts show the Elliott Wave reading on SPX currently needs one last upward impulse wave before reversing downward.