My suggestion yesterday "A downward move that breaks 1322.06 would accelerate the fall to 1315.10, then 1309.27" was correct more than 60% when price made the day's low at 1313.29.
With price reclaimed back almost the day's losses in the last hour of trading, the counter-trend rally may not over yet. Today's index future warns a gain more than 1%. These signs give a strong support that the wave 2 of this counter-trend rally will be made of an ABC form.
I expect that wave C will end at somewhere between 1342.76 and 1351.86.
I also don't rule out a possibility that wave C can be somewhere a bit short of 1363.46.
SPX daily indicators
Only MACD looks slightly bullish. 3 other indicators are still bearish looking.
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