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S&P500 Now Headed To 1330; Then Watch Out For A Bullish Reversal!

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May 13 2012

S&P500 may reach another low, if we consider that recent bounce is very slow and not impulsive. As such, we are now tracking irregular wave (iv) which is already trying to reverse lower from a territory of a former wave iv). Another, but final low is in view, that should complete wave C of a zig-zag somewhere around 1330.

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