S&P500 has turned lower than expected last week, so we assume that the current leg down is part of a complex corrective pattern. We are talking about red wave 4) that is still unfolding, possibly making a triangle so the price can stay trapped in the 1997-2110 range for a few more days as wave E should still unfold after a completed wave D that can find resistance at the upper range; near 2090.
S&P, 4H
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