Wednesday, July 17, 2013

S&P 500: Pull-back Within Uptrend

S&P Futures extended its gains in the last few days which we think its an impulsive red wave 3). This wave must be made by five smaller waves which mean that we will be looking higher in the near-future. Right now, we can see minor correction lower which is wave 4 that may look for a support around 1655 in the near-future.
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