Nothing has changed to my 4hr analysis on the S&P. It is still moving higher in wave iii to target the wave i Fibonacci extension level of 161% at 2095. I added another degree of wave to break down some of the small time frame action as well.
Drilling down a few wave degrees on the 15min chart you can see the inner workings of the waves at a much smaller degree. Here, I see wave ((3)) extending to middle channel line resistance and Fibonacci extension of wave ((1)) at 127% at 2067.50. Preferably, 2000 should stay intact for the bullish case to remain highly likely, but ultimately, 1958 is the key level the bulls need to defend.
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