Also note a potential for a larger H/S (orange). They nailed the purple one so this is a first in a while.
** I didn't place it on the chart but if the bears really want it, there may also be a potential for a nested 1-2 i-ii down. Wave ii would be the right shoulder in orange. We'll see.
 |
| 5 Min - 6:58 AM |
Looks like the SPX is set to open lower, which most likely will put in wave {v} of iii. After that, we'll see if there can complete five waves down.
 |
| 5 Min |
