SPX - In 3rd Wave down.

Well SPX smashed through the resistance line last week and is well in its 3rd wave down.
Momentum is still down with no divergence which indicates that this 3rd wave has
some way to go yet.

I have marked a possible target zone for wave 3 at the 161 & 200% fib levels of wave (1)

Good Luck and Merry Xmas!