SPX coming down in (c) of iv

The 2330 region looks to be targeted for initial support as 5 down in a c/(c) wave off 2390.

Even if not ALL of circle iv that is likely to hold for a 30-50pts bounce in a yellow (b) wave, if not a strong impulse for (i) of the circle v of 3 eventually heading over 2500.

We need to see 5 waves completing off 2390 and some other bottoming signals, but follow the micro counts nicely in the subwaves off 2390.

Avi Gilburt is founder of ElliottWaveTrader.net.