here is the SPX daily and the Ending Diagonal view is that we are in the e or 5th wave now with the over throw of the top wedge line. Wave a or 1 started at the April 2 low of 2553.
I do not have the chart labeled for the waves but the wedge is clear from the trend lines shown.
I do think this is possible but I don't from a reality stand point and by that I mean, I can't see what would trigger huge selling right hear.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.