If the S&P 500 (SPX) can soon make a new all-time high it could be completing an Elliott Impulse wave up from the 12/03/21 bottom.
The daily SPX chart courtesy of Trading View illustrates the development of a possible five wave move up.
The SPX in early 2022 could be repeating what happened to the Dow Jones Industrial Average in January 1973. This analogy will be examined If the SPX makes a new all-time high.
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