SPX has tested the 26 September bottom.
Last bearish wave seems more impulsive than corrective.
The movement from the top of September 14 appears like a sideways pattern which can be:
> a flat, with impending bottom (the best scenario);
> a complex, in this case may not have reached the bottom;
> a three or a triangle in progress;
> an elongated flat (Neely's pattern , the worst scenario).
To understand more, it can be useful to see and analyze the structure of next bounce.
Have a great trading day...with care!
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