#SP The Case for New ALL TIME HIGHS
I can’t count how many times during the day I hear talk about a re-test of the recent low. As no one else seems willing, I am here to talk about the realistic potential for a more significant test of the high and possibly more! Prices held the bottom of the up channel and did spring from below my 2350 downside objective. One possible Elliott Wave scenario to make this happen is pictured as an expanding fourth wave triangle. The upside retracements to watch are the bearish 62 just above 2900 and the more likely 76 near 3100… #elliottwave