SPX500 headed to 4900 after a bounce? Retrace Road Map per Fibs

Follow-up to my previous 5137 Top Call (click).

Markets appear to be retracing finally.
This could be just the start of correction.
Minimum next leg depicted goes to 4900-ish.

$ 5109-5137 is major resistance that may be retested.
$ 5044-5049 a minor support that will hopefully bounce.
$ 4896-4924 is next major support and BEST GUESS target.

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Comment:

( (( < PING > )) )

Zoom in (m5)

"Ping" = Exact and Violent ricochet off a fib that you can almost HEAR.
Such a reflection alerts and energizes ALL of the fibs in that series.
So we will look for this bounce to top 5055.4, a sister of our bouncer.

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Comment:

Follow up to last snapshot:

We got the fib-to-fib bounce and THEN some

Zoom back out to h1

Next target is our key zone,
$ 5109.5 is a Covid fib,
$ 5137.4 is a Genesis fib

So that will be our best expectation for today.

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Comment:

Follow up to last snapshot:

We hit the expected target with a pretty loud Ping.
PING as in "Give me a ping Vasilly, One Ping only please"

IF we are to get another leg DOWN,
then THIS is the spot to start that leg.

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