es 8\26 update

Zaktualizowano
here's that minor wave 4 correction i spoke about in my last post.

took a little longer to play out than i had originally anticipated, but here we are today.

sub-wave 5's tend to see truncations often (which means they don't reach the designated target due to increased buying pressure).

that sub-wave 5 of wave c puts in wave C on a larger degree of this minor a-b-c correction

Wave 5 target = 4528.25

that upside target should put in a top, followed by some kind of larger term correction. it could be a flat, or it could be sharp - we won't know until it comes.

Uwaga
wave 5 of wave c saw a truncation, just as i had expected - look to your next area of local resistance at 4500~4510 before another minor pullback

upside target remains the same, possibly slightly higher than what i've had projected in this post. will update the thread if something changes.

snapshot
Elliott WaveS&P 500 E-Mini FuturesSPX (S&P 500 Index)US SPX 500SPDR S&P 500 ETF (SPY) us500

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