This CMC SPX (24 hr)chart is interesting in its neat fit to a...

This CMC SPX (24 hr)chart is interesting in its neat fit to a Fib grid.

Suggests a completed move but like any market can move lower and make new realignments.

I did sugggest 25th or 26 could be nasty but if it is or isn't then it implies a bounce.

Nasty just means a capitulation and implies a better chance of a sustained bounce that a gentle turn perhaps.