SPX looks to be completing an A,B,C zig-zag for minor wave 2 blue.
There is a gap at the 78.6% fib retrace around 2750 which may be a magnet for completing this correction.
Other gaps exist once the correction is complete which will draw minor wave 3 blue downwards in a possible larger fall.
Good Luck
There is a gap at the 78.6% fib retrace around 2750 which may be a magnet for completing this correction.
Other gaps exist once the correction is complete which will draw minor wave 3 blue downwards in a possible larger fall.
Good Luck
Comment:
Minute wave 2 circle completed with a flat and minute wave 3 circle is in progress.
Comment:
This correction became more complex and may have just completed W,X,Y at the 78% fib level and closing an outstanding gap nearly. If correct SPX should decline into wave 3. Good Luck
Comment:
If correct minor wave 3 will pull SPX below the previous low.
Good Luck