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The U.S. stock market is in an extended topping process, according to Elliott Wave theory

Avi Gilburt
The U.S. stock market is in an extended topping process, according to Elliott Wave theory

With the U.S. stock market now moving violently between upper support and the target region we have had for this b-wave, it seems as if the market is feeling out a topping process. For some time, our target region for this b-wave has been narrowed to the 2,867-2,884-point region on the S&P 500 Index (SPX) with an ideal target of 2,875.