The S&P 500 index, as well as many other indexes, is due to strong three of three move down on the coming week. If my wave count is right the index has completed wave i circled and is completing or has completed wave ii circled. Wave iii circled will take the index significantly lower levels.
This is not anymore a buy the dip. Rather it is sell to survive. However this is not my wish and I'd gladly be wrong.
Thanks for this idea. Your count is excellent and detailed. I did put up a similar idea about the R2K with the same outcome but my count was nowhere as intricate. Well done