SPX looks to be forming a bearish flag pattern. We would need to see the break lower from the red dotted line to confirm this of course. An EW subwave abc might be forming for a bwave (red) before a lower priced c-wave (red) for a 4th wave end (blue) or a 3rd wave lower depending on how impulsive the move lower is. The attitude of the price movement matter a whole lot and anyone analyzing a chart should keep an eye on it. It is one of the most important EW analysis that can truly help you make your profits.
MT: DOWN
ST: DOWN
PA: NA
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