SPX: Bad news if support breaks

SPX is coming up on the support area around 6300. Next week will be the do or die test. If support trendline breaks, then probability of Minor degree B wave goes up by a lot. Right now, the bullish scenario is on the red path. If, SPX gets support on the trendline and bounces to make another ATH along with Daily and Weekly RSI making another lower high, then that would be the local top. More bearish scenario is if the support breaks right now. That will put SPX on the green path; breakdown, retest trendline and then crash. In that case, should expect correction to last till the end of September; maybe till mid October, and then the Halloween rally to finish up the year. Should expect market to get down to 0.618 to 0.5 fib level before the down turn is over. Do not want to see the market get below 5k. For now, the trendline is where the next move will most likely be decided. I do not think the generational crash is here just yet. There are still a lot of investors on the side lines. Crypto market still hasn't seen the blow off top. Underlying economy is still holding steady, even though some cracks are appearing. Depending on how the correction unfolds, either a 3 or a 5 waves move, we will find out the magnitude and the degree.