Based on the Elliott Wave rule that wave 3 is not the shortest wave, I gave a projection on where the peak of both S&P500 and Nasdaq could be. Based on these peaks, the stop is set above and the take profit target is where wave 4 was.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.