SPX 500 - 5 waves complete, likely bounce today

Not sure if the bounce will be all day or half. Expecting a pullback at open and then rally to 3850, maybe even to 3880, then lower.

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retracement may already be done, watch for break of low

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OK the retracement looks done (right now at least). Targets for next move down is shown. I doubt they get there today, but you never know.

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SPX cash may make another run at the pitchfork fib line, it doesn't have to, but it may.

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got there, should reject in this area.

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that pitchfork Fib has been very important, They can't get over it, so I'm still bearish for CPI tomorrow. It may be wrong, but I'm going to trust the analysis.