SPX failed to rally for the fractal 5th wave

$.SPX(.SPX)$ failed to rally for the fractal 5th wave thus resolvingthe pattern as a 5-wave up from the August low for WaveA signaling the [W5]rally as incomplete.

SPX should be progressing in the Wave B position to seeone more lower low to 5805 to terminate the correctivepullback before a modest final rally above 6100 touttimately complete Wave C of [W5] of Wave 5.

However, a cross below the [W2]/[W4] trendline,currently at 57ó5, would invalidate such thus favoring thetop is already in.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2503(NQmain)$

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SPX failed to hold support - now favoring a modest new low to 5805 to complete the Wave B correction.

If so, price should remain below 5960 and escalate lower targeting 5832.

Once price makes a new low sub:5805, the Wave B correction should terminate to begin the final Wave C rally targeting 5200+.

However, a cross below the [W2]/[W4] trendline, currently 5765, would invalidate this.