S&P500 ~


Over the past few trading days price retraced the initial decline from the high in a three wave structure.

 Yesterday's sharp rally subdivided as five waves to qualify as wave-c of an a-b-c correction.
The rally also stopped right at the Fib 61.8% target (c = 61.8 of a) shown on the chart.

 Today's sharp decline still needs to break below 2820 to confirm the larger primary count of the long term chart.

 Failing to do so would allow a retest of yesterday's rally to form a more complex double corrective pattern.
Follow the trend
and
"Trade Safe"

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