#S&P500: Completed H&S Pattern Projects 1565

S&P 500 made nice push higher yesterday and successfully moved above the neckline that caused a break of 1530 level. Well, current price action from 1484 has an impulsive personality so we should see even higher levels, possibly test of 1550 and 1565 (head and shoulders measurement) as we need five wave rally from wave C low. Critical level is now at 1525; market remains bullish above that zone.

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