Guest Commentary: S&P 500 Close to a Turn?
"SPX500 is closing a daily 7-7 structure and has already met our equality target (1617). Index has now entered the "Twilight Zone" and is very vulnerable.We have been bullish on the Index since 2011 lows but believe a big correction is just around the corner. There is no reason to sell as rally can still extend to 1692 so traders should wait for a 5 wave decline to confirm the trend change rather picking the top." - Eric Morera, Elliottwave-Forecast.com
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