My favorite scenario for next two or three days is a bounce trading that respects the resistance 1354.xx before a strong selling resumed.

SPX Elliott bearish view
My favorite scenario for next two or three days is a bounce trading that respects the resistance 1354.xx before a strong selling resumed.
With yesterday's low at 1336.72, I believe that the wave (III) of wave C of ABC correction mode from the top 1422.38 is underway.
The bounce if any is expected short-lived and might be the forming of wave 2 (after wave 1) of the wave (III). If this count becomes truth, the wave (III) will be the most destructive wave of the correction process.