Intra Weekly Bears in Control Below 5189

Price closing the week under 5189 will be very indicative and send further signals of bear strength impending.

The complex large degree is a Wave Y that is unfolding in 3 waves ; IMO we're currently in Wave Z of third wave of Wave Y.

In laymen's terms, as long as price remains below 5189, the bias is that we should retest 5100-5056 area of support.
forecastS&P 500 (SPX500)Wave Analysis

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