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Cash Index S&P 500 has a cleaner count than ES-mini
AS always, S&P index has a cleaner count than that of ES mini. From the chart below it is clear that S&P is topping in wave ( iii ) of ( A ) of ( 5 ).
That means the rally started in December 2018 can’t stop here. We would need another rally in wave ( v ) to a higher high after a corrective wave ( iv ) down.