S&P500 reaches the 61.8 retracement of the Feb/Mar downward movement to $5 exactly. Be cautious, as the circled B could come to an end even if another high is possible.
Alternatively, a first impulse could have come to an end, but even then an ABC correction would have to take place, albeit not quite as deep as a 12345 of encircled C.
Greetings from Hannover
Stefan Bode
#SPX500USD - Be careful with the 61.8 #S&P500 #SPX #SPX500