With the extended C of 4 completed, SPX is ready to embark on the Final 5 of 5.This probably runs counter to most chartists who are bearish in the medium term, based no doubt on the massive HnS pattern with the neckline at 1821 already broken. Time will tell. The only question is how high will the final 5 of 5 reach. 2,200 to 2,300 certainly looks achievable. The 1.618 extension seems a bridge too far before the multi year bear cycle.
