So, probably by now you are confused with so many waves and subwaves, and you are wondering what it means and what's next. Well, look at the chart below - if my count is right, all spx has to do is one more small run up to finish orange subwave 5 (unless some ugly weekend news take it down directly), which will also complete the red wave 3, and then it should correct at least 100 points. I expect spx to finish orange subwave 5 in a day or so. From there, I expect a sizeable drop (at least 100 points on spx) as red wave 4, probably in the shape of an ABC down.
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