S&P500 bounced nicely from 2056 levels last week and recovered with clear impulsive manner. Price also closed bullish on Friday so we believe that new highs are coming. That said, latest minor set-back to 2078 was wave (b) as part of a three wave rally up in wave 5 that can be targeting 2130/2140 area where we will be looking for a completion of a current bullish swings, so strong downside reversal could follow.
S&P500 4h Elliott Wave Analysis
Interested in our analysis? Get First 2 Month @ Price of 1. http://www.ew-forecast.com/service