SPX Long then Short: 130 points more (Target 5088-5103)

Based on Fibonacci extension levels projected from wave 1 and based on start of wave 1 and start of wave 5, we have a convergence at 5088.

However, take note that given the risk-reward, now it is better to prepare for short rather than trying to catch the last few points of long. Thus, this is a short call.