Base chart stolen from Slope Of Hope
;-)
Re: chart on right. Typically 4 should not be the same as 2, and 2 was a straight shot, so 4 may very well be an ABC, meaning another lower low before stringing out flat to up towards that 5, completing the A of primary 2.
Unless you think FRI was 5 of A of Primary2, and then it could be a lovely trip to... SPX 750, give or take.
