However given the Impulsive nature of this move this Hypo looks less likely atleast as of now :
Now this Wave iv/4 may still be continuing as a Triangle formation in which case we will see sideways to bearish movement from here on in SPX.
Trading Strategy : Short with SL little above 2825.50.
Expected Move : Sideways to Bearish.
Strategy : Look for longs with SL below W.(B) low. Expect upside till white resistance zone.
SPX : 1H :