Today I think we have some upside potential, but I could say very small. In my point of view there are two alternative short term interpretations: S&P 500 index could be in iii of 3 of (B or X) with one more up-down missing to complete wave 3 of (B or X). Another look tells that wave 3 of (B or X) might be already finished, but it's less likely, because that wave would be relatively small compared to "i".I will concentrate on more likely scenario: today's move could be wave "iv" of 3 of (B or X). We have resistance at 888,58 line, where probably ended wave 1 of 3, and recently we are trading in channel, which moves down. Watch the upper line for resistance.
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