NASDAQ and SPX have now formed zigzags with the C waves forming this morning on gap downs to the previous W4 support levels…we need to hold the intraday low and rally back over 3020 in SPX to setup W3’s, but further damage here below 2998 would setup downward W3’s, but it’s too early to call that.
[9:43AM] $SPX $COMPQ gapped down in C waves to the previous W4’s
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