The power of this move resembles a breakaway Wave 3 formation instead of a W5 so it’s safe to say that SPX could hit 3200 and NASDAQ 8800 in the coming weeks…I was thinking it might be a W5 but if this rally sustains and moves to higher highs I’d forget about that scenario..
[10:14AM] The rally this morning in $SPX $COMPQ resembles a breakaway Wave 3
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