Potential for a C wave into JulyUS SPX 500OANDA:SPX500USDrsitradesWith Soxx dropping 6% after being rejected from it's all time high breakout, the chance that we have a strong tech sell off is there. The rising wedge on SPX futures (Possible B wave) has completed and losing the support at 7550 gives some more momentum to the bears. A "C wave" is usually a strong and fast move down and right now I think that is more likely than not.