$SPX - Market Analysis for Dec 26th, 2018

The size of this bounce should determine which degree 4th wave we are in within the larger C-wave down from the Dec high. If price holds below 2415, then I still lean toward just wave iv of (iii). Above there can open the door to ~2480 as the larger degree wave (iv).

$SPX - Micro - Dec-26 0928 AM (1 hour)
$SPX - Micro - Dec-26 0928 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.