It seems that SPX is moving down in either a 1-2-3 impulse for the Wave A of a bigger correction or as Wave A) - B) - C) for a Zig Zag. As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C). In either case the Wave is not complete yet and hence expect more downside from here. Target : 2414
I will update further as this market continues.
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Cross below Invalidation Line would mean that either we are in Wave (iv) as an Expanded Flat or that we are progressing in Wave (v).