More decline is probable before a sizeable retrace

Indice S&P 500 (FOREXCOM:SPX500)

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FOREXCOM:SPX500 Indice S&P 500

Price has been following these pitchfork nicely on the small time frames. Reaction to the warning lines of the red pitchfork and well contained within the blue one. Expecting more decline as the internal wave count on 5 min and 1 min so far doesn't appear to be complete for a full wave down

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Provisional count of smaller TF

Provisional wave 4 (orange) may continue sideways a bit longer as a triangle or other corrective patterns

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