BEEN WORKING ALL DAY AND NIGHT ON US AND EUROPE MARKETS AND I AM 100% SURE A HUGE COLLAPSE GONNA HAPPEN!
ANYWAY! SPX500 got a lot of scenarios as this might be Wave 4 so can still be triangle double/triple zigzag etc etc Wave 4 is always the worst to trade..
I am assuming here however a bearish view! The only thing making me bearish here is that if I wanna read it as ABC drop then C dropped 2.618% of Wave A which does not make sense as it's a lot!
Hence, I am assuming this up wave was just part of a corrective pull back for Wave 2 and so we should see it dropping soon very hard completing wave 3.