SPX udpate near term: S&P500 on 1h chart

Just a quick plot to see how it plays out.
Expecting micro wave 4 to end soon and wave 5 to get us to Resistance zone.
We might get a more serious correction at that time.

This is a follow up to my bounce plan

Komen:

Highly volatile Friday. Wave 5 up complete before market open, based on Trump's possible deal with China. Then it turned out the China deal was not really any closer than before, so the entire wave 5 was erased

I am currently evaluating the next plan, but it will depend on any econ developments over the weekend....