The S&P 500 futures fell initially overnight but have been rising this morning after they couldn’t break under 3887.75. I favor treating the current sideways movement more as a wave (II) or (B) and not yet another fourth that results in a new high. For that to work, bears need to step back in against 3909.25 or 3915.50. Over 3921.50, best to assume a ne…
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