Althogh I suspect tonight can make a low and then recover for a day or more likely 3, or even a couple of weeks doing nothing, the bigger picture looks nowhere near completion as per EW or larger cycle views.
The SP5000 chart below shows the obvious resistance for any rallies and the broken broadening top base line.
An equal measure down is about 1180 which is not far from 50% of the bull run at about 1173.
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