We have this smaller, local megaphone. It's in five waves, although the third is the shortest -- hardly an "impulse" wave. It's one of those very bearish expanding ascending wedges my old friend Lunatic_fringe used to hunt. Timing is good into the July 4th holiday.
|S&P 500 hourly|
And here's the big megaphone. The S&P 500 really wants to tag that area right over 3020.
|S&P 500 daily|
And then it's just a matter of how quickly this implodes.
|S&P 500 doom series|