 What's up YouTube, right now it is 414 on July 9th I just got off work didn't have time to trade today, but I was kind of watching the market I did notice last night it dropped dropped a lot more than I thought it was going to so My wave count is off. I'm gonna go through the analysis in just a little bit and see What may happen next so stay tuned? All right, this is the S&P from 100 Char is right now is 6 to 8 p.m. On July 9th, so let's take a look a daily chart Still in an uptrend. Haha. Hello. Hi. Hello Still things is going up MacDee's up so uptrend hourly chart So I had this as being my way to down so That doing my wave count off so since it broke under this Zero mark here this is there this full retracement of this wave that's back here to pull it up I thought that this but this move here This was a trace amount of this a BC down and then it's going to continue going up for the next full wave count But it looks like to me that this after this wave up. This is way five This could be a BC retracement, which is a retracement of this one rather than this being the full retracement This is the full retracement And if you look at the strong thing so it Got a little 30.2 and now it is heading back up So I believe this was a trace amount of there So this is actually a BC else change these numbers out later Actually where the waves ended So I did an extension from here a BC Where we won't let go if this really is way one because it's weird But this could be is this could be zero period to be one two three and this could be a bearish wave so You just got to wait and see but I'm hoping that will go low low or high low low Or high then it will not make a lower low break the higher the lower high and then continue up but again on the 60-minute chart it's above the moving averages it is about it's buzzes here along the MACD or I think that this will slowly Transition back to the up and this was just a pullback if you look on the daily You're still not trend, so Things is just pull back the ABC correction on the hourly chart and then we're up for wave one two three up So this would be my price target for a Short-term that seems to pull back and then go back up for wave three Rancor char Already made my quick updates on this one. So rather than this being one two three this is now a BC and I Hope to see this extend to 100% and then maybe bounce They all to make a higher. I'm sorry make a lower low. Maybe bounce off the Comes to the hundred That's here here And I continue up But right now it's just kind of waiting a thing of what's gonna happen. I wouldn't trade anything personally. I'll wait Just broke past this trend line. I think this is a Bullish move now my D is up You have this divergence. It's very shallow diverging divergence, but so divergence. These are making lower lows This is not making low lows So divergence broke this trend line. I would Watch this and see if there's a good entry point But for now I would wait, but that is my take on the S&P 500 charts