The recent price action on SPX has made me believe that we are going to be seeing further downward movement along with somewhat of choppy market for the next couple weeks, the correction waves of super Cycle are still not over. We are currently in wave 4 of sub cycle. I am expecting this wave to finish soon. My invalidation is incase wave 4 crosses wave 1. I will be looking for a long opportunity if presented near the mentioned global fib level.
