This is a follow up to my previous SPX500 analysis, I mentioned about the impulse waves in previous analysis yesterday expecting the downward move, but the recent move downward was sooner than expected, this swift flush of longs has made me believe that we are still in wave 4 of our correction impulsive wave with WXY subdivision (zig-zag) since wave 2 was somewhat of a complex correction. I will be hedging my short position here with adding more short on the upper mentioned levels to ride the wave 5 impulse.
