SPX pullback UPDATE 2: "wave B being Born"

Update to my initial Retrace Plot before new Highs (click).

The pullback has been stronger that expected in above plot.
We have probably only painted a "wave A" and now in wave B.
The height and fib-ness of wave B will help to map wave C paths.

It is POSSIBLE that correction is done (levels say yes, structure says no)
It is LIKELY to get a decent bounce (B) and then another leg down (C).
It is PLAUSIBLE that C dips only a little lower than A (strong support).

Previous Analysis (click links below):
Jan 16, 2019: Call for Top or Near Top
Jan 27, 2019: Initial plot of Virus effect
Jan 29, 2019: Virus effect A-B-C plot
Feb 24, 2019: Initial plot Dip to New Highs
Feb 25, 2019: Dip update 1 - Early plot
Feb 26, 2019: Dip update 2 - Wave B targets

Komentar:

Moment of Truth.

Market closed exactly at one possible support

is target for "Blue C".
But we never reached blue B.
So this might go a notch lower.

.

Zoom IN (1h) sure looks like "Red C" is destined

I will need to recalibrate some fibs,
to asses possible targets further below,
because this train will not stop quickly

=============================================================================