Decision time for S&P500

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Decision time for S&P500US SPX 500OANDA:SPX500USDEduwaveTradingHi traders, Last week S&P500 started to drop. This could be the last leg of a bullish correction. So if price stays above the red dotted line we could see the last impulse wave 5 up. But if it goes below the line, we could see a bigger drop for a bigger (red) wave 4 correction. Let's see what the market does and react. Trade idea: Wait for more development to decide in which direction to trade. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Manage your emotions, trade your edge! Eduwave