Sorry, I don’t know yet where we are just yet.
Maybe after I see more charts and/or drink some more beer.
More time would also help. Stay tuned.

Taverna’s local spx https://www.tradingview.com/x/UhQQiSiQ/

Says this down move COULD already be over. Was it 5 waves down to end it (c wave), or start it (wave 1/a)?
I’ve seen calls that it dropped from a b wave (irregular) high, suggesting we ended it. (for the time being)
My signals certainly suggest that we expect more downside ahead. Perhaps just not immediately.

LC has his take, which looks quite viable off my work. Has this fiver as leg ‘a’ down.
https://pbs.twimg.com/media/F2FqEhgaYAALSE3?format=jpg&name=4096×4096

Zooming in, LC suggests we expect several more highs remain.
This does NOT mean new ATH; more likely this is still the B wave off Oct lows.