#SPX may be developing a flat correction.
The overlapping A-wave decline and B-wave recovery above the prior high support this interpretation.
A substantial C-wave lower is a credible scenario, but confirmation is still needed.
Watching for an impulsive decline and a break of the A-wave low near 7,560.
Evidence, not certainty.
$SPX
The overlapping A-wave decline and B-wave recovery above the prior high support this interpretation.
A substantial C-wave lower is a credible scenario, but confirmation is still needed.
Watching for an impulsive decline and a break of the A-wave low near 7,560.
Evidence, not certainty.
$SPX