SPX short term outlook: SP500 bounce before final dip?

26 oct 2018

Quick plot based on Fibs and Elliot Waves.
I am anticipating a bounce going into the weekend.
But I do think there will be at least one more leg down.

Some important zones are marked.
I would not be surprised to see it hit 2500.
Any lower than 2500 and the markets will be in trouble.

29 oct 2018

Nota

SPX did bounce on Friday, a little lower than I thought but if did seem to recognize the first support zone (albeit pierced). am recalculating now, will post a new idea if targets look substantially different after that move but for now they still seem plausible.