14:56 BST - SPX Update

Well, that's a tad strong for a 4th wave. Still could be a 4th, but here's a possibility to consider for the bearish case - something even more bearish!

SPX 6 min chart:

Its invalid above 1123.70 and, if its right, we'd be in a 3rd of a 3rd, so it would need to behave like it is.