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S&P 500 Could Be Looking For A Top At 2020-2030

The S&P500 moved nicely to the upside in the last 12 hours; out from a triangle that we recognized it yesterday in wave 4. Notice that move to a new high is sharp so it must be impulsive, but probably wave 5 so uptrend may finish soon. We also see divergence on the RSI which means that bullish momentum is decreasing. That said, we need to be aware of a bearish turn from around 2020-2030, in the next few sessions.

S&P500, 1h

S&P500, 1h

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