SPX500 grinding to a marginal new low likely.

FX:SPX500   S&P 500 Index
The SPX             had managed to catch up the pace of decline by a little bit. The failure at 1880 today after Yellon could trigger faster route of correction, which lead us to a 5th wave low. Many fib measurement point to a tight level around 1808. This is marginally lower than the Jan low. Although a extended 5th wave could not be ruled out, the highest likely outcome will still be a marginally low.
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