SPX, bearish scenario
I've been playing around with different bearish counts, assuming the top is near. This one has the COVID-low completing an expanded flat of subwave (2), rather than it being a wave (4). This would explain why October 2022 low did not extend further to approach the wave four of a lesser degree; it stopped short so as to not overlap wave (1). Wave (5) ends up being an expanding ending diagonal.
This count would next anticipate a sharp wave ((4)) down, which I would guess to be a zigzag with target ~3000.
This count would next anticipate a sharp wave ((4)) down, which I would guess to be a zigzag with target ~3000.
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