SPX500: Back to the Yearly Close (ABC-Correction)

SPX500 stalling at a lower high and 0.854 Fibonacci, made another local lower high at the 0.786 Fibonacci
This in confluence with the 1.0 and 1.236 Fib extension of wave A from the ABC-correction to the upside
Expecting and impulsive move down to the yearly close at the 0.618 Fib extension
If the 3th wave is more impuslive we could target the bearmarket lows an take the liquidity there

Comment:

Looking for an backtest of the head and schoulders for another wave 1-2 to build up the move to the downside
Then the breakdown continues in a wave 3 of wave 3