Probably the final chapter for this thread, aside from an epilogue.

Joe Taverna outlines The Question with this chart.
Do we get the 5th wave up, or does support fail?
(where “B” represents the high for the rally that started a year ago, implied in the chart)

Dan also highlights the major LITS here.

https://danericselliottwaves.org/wp-content/uploads/2023/09/spxdaily-4.png

It would be no surprise therefore to see a bounce here.
BUT … while I’m on SPX bottom watch, I have nothing at ANY degree suggesting its imminent using my own non-EW charts.

So my default is that we’re in large 1 down of the C wave, off the July highs, with a subdivided internal third wave. Meaning, two sets of 4,5s into the bottom for this initial large wave down (1 of 5 waves in total) of C.

UPDATE … rally off lows cannot be a bullish impulse starting Big 5, by rule, due to corrective decline of “iv” overlapping first wave “i”. More likely abc x abc for double zig zag up to key R at 4340 spx.