Hello These 2 scenarios for S&P is more probable ones and as you elliotticians know there is a doubt in wave (4). In scenario 1 wave (4) is acceptable due to Alternation and in scenario 2 it made a Running Flat. In both scenarios there is one strategy for today market which is another correction starting from here. In smaller time frames you need to find a bearish impulse wave to get in this correction.
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