As anticipated by yesterdays report, S&P topped around 1365. I see this as important resistance. My most probable scenario is that we made wave B up or have a little more up. Another down move is expected. This count is invalidated above 1380. S&P was rejected at the middle pitchfork. The next most possible scenario is that a smaller degree wave 4 has ended and we move impulsively to new highs.
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