Indice S&P 500

Updated EW count: Gap Down Monday

205
I was waiting for us to break 2995 in the last minute but instead we formed a topping candle, that let's me know we formed a 4th wave and should gap down in a 5th wave.

The beginning of this count is very tricky, it's hard to say where the impulse ends and when the correction begins. You could have the 4th wave of A at 3200 or the next lower pivot . Either way, it looks like we will be forming an expanded flat.

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