Critical Point - Market Analysis for Dec 28th, 2022

With the market being unable to follow through on an upside set up today, we are testing lower support for a potential wave (ii).  But, I want to warn you.  Should we fail to hold the blue support box on the 5-minute chart, it opens the door back down to the 3720SPX region, and the lower end of our larger degree support.  Should that fail, then we will likely head down to the 3600SPX region in a bigger (b) wave.