I think we both want
to be looking in the upward direction for the S+P... but I just did a chart thats looking downward,just to see if it has any architecture from the 4700 as a finished Top.
A collapse from 4700 has all the key math construction points along the way down and I would envision the first major target would be a wave down to the 4300 target area.
Lets see what happens in the next week or two. If it falls now into this kind of major downwave, I might get nervous for the crash happening.
If it is triggered by China's market collapsing, Evergrande collapse, and followed by the 3 Gorges dam collapse and then bitcoin collapse, then I think the crash is happening. The critical line in the sand is support around 3500-3600-3700 area. but the crash target bottom zone with this first look is back down to the 2600-2400-2200-2000 area. Its all too soon to guess at but the collapse could also happen ... soon.
