Needs to finish above the .618 red line to trigger a ZBT event on Mionday or else the time limit will have passed. It just might. We'll see.
The prediction is that the SPX will reach 1970 SPX. Why? Because I forgot I have this labeled as an extended Minute [v] of 1 down. And per labeling if the extended wave is five of any known impulse, then the retrace should go back to the Minuette (ii) of [v] of 1 down. That is 1970.26 SPX. That is per EW Principles (Frost/Prechter)
And despite the amazing seven day rally it will take a close above 1970 SPX to break the downtrend!
NYSE. Also targeting wave two of five down.
Closed inside the lower trendline.
CRB at long term support.