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Despite Latest Rally Attempt - SP500 Still Primary Bearish

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FiboSwanny  
CME:SP1!   None
Trend Analysis Technical Indicators Wave Analysis Bullish Patterns correction sellinginterest ADX Relative Strength Index (RSI)
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trendanalysis indicator waveanalysis bullish correction sellinginterest adx relativestrengthindex
This huge jump to the upside is still registering as a bullish move in a primary bearish trend.

This move to the upside is likely a 4th wave of 5 to make up wave A of a 5-3-5 Zig Zag correction.

Look for selling interest to return as price zeros in on the next couple Fibonacci levels. This should start wave 5 to complete wave A.

This is a weekly chart, so a long term correction should be in order.

Thoughts?
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