SP500 Update

A possible scenario for what is about to occur. The scenario with wave (w)(x)(y) contracting diagonal leaves no room for error because the line 0-(x) ideally should not be crossed. At least wave b of (y) of must stay above. If the trendline is broken by wave b, I'll be scrambling for an alternative.

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An immediate alternative which is more accomodating to volatility is below