SPX - Update on the S&P500 last move

Hello traders,

Today on SPX, a lot of movement with the announcement of the CPI index report, which equals to 8.6%....wHaT a SuRpriSEeee!! even though we know it is supposed to be even higher....anyway... all investor are afraid aff, of course, and here are the result...!

I show you in the analysis below how I approach the last move with the Elliott Waves analysis

Wave green (b) retracement on (a)


Wave orange C extension


Wave white 3 extension


Wave white 5 extension