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The Elliott Wave analysis for the S&P 500 and NASDAQ 100 suggests that these indices have not yet reached their lowest points. The analysis highlights the importance of observing market behavior late on Thursday for signs of support formation, and then again on Friday to see if the markets close higher. If this expected pattern does not occur, a more significant corrective phase may be forthcoming. Thus, the strategy is to avoid early bearish commitments and closely watch the market's perfor...
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