SPX500 Showing Signs Correcting Bearish Trend

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TECHNICAL ANALYSIS

US Dow 30 Daily Bar

Elliott Wave Forecast

SPX500 1 Hour Bar

Update 7:45 a.m. Lima SPX500: The index tested the 3883 Sept 06 low now resisting and has slid back negative and heading down to Fibonacci 127.2% in what looks like a ending diagonal. The 138.2% is the last support for this supposed B wave. A drop below the 138.2 would imply a 3rd wave decline instead of this b wave i have labeled here.