Only two weeks ago the SPX was trading around 1350 and today it closed at 1120!
So far the fractal works perfectly and we're "only" about 6 % away from my target (1055). In this area wave [iii] is 2.61*wave [i] and at 1040 is some strong support so I think the 1040 to 1065 area could be a target for this third wave.
Tomorrow the boys at the FED want to say some stuff so I think we'll see another very interesting day.
