FX:SPX500 S&P 500 index of US listed shares
At the point of the two horizontal white lines, wave C equals wave A and wave 4 is a 50% retracement of wave 3. This may signify that wave 4 is complete. Trading is opened and gapping is already occurring in what looks like a very small impulsive sequence from 1972.9. My minimum estimated downside target for the 5th wave is 1760-1780.