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ConservativeOne1

**Correction** - Last bearish count was incorrect...use this one

Short
S&P 500 Index (OANDA:SPX500USD)  
ConservativeOne1 Updated   
OANDA:SPX500USD   S&P 500 Index
Chart Patterns Wave Analysis
11
1
chartpattern waveanalysis
The last count I posted which was very bearish...was incorrect...will not explain in this format...suffice it to say that the count was not correct...but yet I remain bearish...especially near term.
Comment:
This 5th wave should be shallow followed by a very strong rebound...many bears will get trapped on this move below support...dont be one of them...my tgt for wave 5 is 3700-3750...then we will run back up...perhaps all the way to the white down trend again...then we reverse for a strong down move to 3200-3300 range...this is my latest thoughts at this time...
Comment:
based on todays jobs report...I expect a deeper move down for wave 5...I realize this seems counter intuitive given the pre mkt reaction (mkts spiked up) but this should be fuly retraced with the wave 5 low now being below 3700
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