Base case is that the bull market will continue, rallying off support. This view is based on Elliot Wave principles. Pattern and projections remain valid as long as SPX remains over 1694.43, the 1.236 extension of waves I-II. Target is a new ATH over SPX 2300, potentially as high as SPX 2669. Subsequently, SPX should return to the same support level (1694-1905) again in wave IV.
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