SP500 can be still on more high BUT

BS - the current decline was a big leading diagonal => some deep corrective rise ahead. No one more high
ALT - There is only (b) FLAT of ((v)) => rise to the new high
ALT2 - Sequence of ((i)) - ((ii)) - (i) => some shallow cor. rise in (ii).
The Monday opening can tell the story. It can be a rapid rise or more substantially to the downside.