T/A ETF AND INDEX

[POKERSAM]

SPX - Now that target of 2120 has been reached we must continue to impulse down to get confirmation that 2120 was an important high.
The reversal is very very young.
My expectation is that we will do so. The advance from 1810 has put in five waves. The 3 extended and the 5 was near the length of 1 and surpassed the top of 3. This all indicates it was a complete five waves. We will know real soon if this correct.
This five waves from 1810-2120 would have to be a wave one or a wave C. In either case there needs to be at least a 50% retrace of the 1810 advance. If we continue down hard after that it was a C wave ending a wave [2] correction. That would mean we are in Primary [3] down.
So we will see the market does at this important point.
It is all about probabilities.
Your feedback would be appreciated.