标普的波浪图

• If we have already bottomed, we can not go below the pre-market low of Monday
• If we have one more leg down, we are most likely in that final 5th wave down
• If SPX drops below that 5th wave leg, then something else is going on and the wave structure below is completely incorrect

Basically, it is higher probability that we are close to the first big wave down --- represented as red A-B-C here.

After SPX finds this local bottom, how it rallies will decide if we are in a bear market or continue the bull market