It seems that SPX (S&P 500) is moving down in either a 1)-2)-3) impulse for the Wave (A) of a bigger correction or as Wave A) – B) – C) for a Zig Zag.
As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C).
In either case the Wave is not complete yet and hence expect more downside from here.
Target : 2414
I will update further as this market continues.
Unless we see a break of this sideways movement to the upside before the lower leg getting complete the Wave 5 view remains intact.
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