Last week our outlook did not realise exactly as drawn and we have to update the short-term count.
SP500, 4-hour Chart, Actuals
The price action progressed faster than we envisaged having completed wave w of wxy.
Next Week Outlook
Wave x can take many shapes and what is indicated on the chart is a possibility, not a forecast. Currently, there is no high probability setup. We keep holding the assumption that the main trend is down, however the roadmap is complicated not a straight line.