On the hourly chart, the S&P 500 could be stuck in a 5-wave sideways (a-b-c-d-e) move. IF so, that may not complete for another 2-5 more business days (estimation). Time will tell.

Comments (1)
No. 1-1
Sean Hyman
Sean Hyman

Editor

...now looking more just like an a-b-c correction. If so, the next breakout could happen much sooner.