SPX Possible downside after Flat structure (Elliott Wave)

SPX : Flat correction for W.B Cir. looks about complete, we are looking for one leg down as an Impulse for W.C Cir.

Strategy : A break below ST line which is also the high of W.1 of last Impulse can be taken as a sell trigger, with SL above swing high.

1H :

15 min. :

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15 min. : Updated :

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15 min. : Shorts can be added with SL above swing high :

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1 H : Updated Count : The sell setup failed, W.C of the Triangle looks to be in play, wait for a confirmatory pullback to initiate longs :