Alternative wave counts for SPX500
Although I think it more likely to be a wave 4 correction leading to new highs and a further run up (bracketed in red), the blue count is another possibility that might suggest an almighty smash up is looming, If the completed wave was an extended wave 5 then look out below.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.