When the SPX is correcting after a five wave sequence it typically corrects about 38.2% to 50.0% of the previous five waves.
38.2% is around 1010 on the SPX and 50% is 943. The odds are we will see it (the SPX) hit lower lows in the next few weeks, of course leading the XJO lower in the process. But I hope that I am wrong about that.
Cheers
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