S&P 500

Short term Christmas dead cat bounce can occur unless wave v of 1 becomes larger than wave iii of 1 and it is then no more possible to call this a leading diagonal. Sentiment at an extreme still now even Nasdaq has only 9% bullish traders. In other words below +/- 2434  forget about bounces then it is a free fall, still all previous holiday seasons show at least a flat market for US. So we could pause for a while