4 hour Chart

I'm looking for a move UP to begin the process of forming a "b" wave.
This should provide a decent opportunity on the long side.

Conservative approach is to confirm a move through the descending white channel.
The upper purple channel line represents a 1.618 move of the structure in the white box

Let's see how this plays out.
Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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