SPY - SPX - Bear Market Has Started Part 3

Upon a closer view we see many interesting things. It may be possible to project a target using the ratios of A wave and a shortened .618 of that move for a C wave. At this time that gives us a target of arond the 257+ zone. Lets see if the point B holds. This would project a price slightly above the breakdown point of the channel.... We're getting close to a shortable target soon. This may in fact complete a larger Wave A up. But even if that is true, we will soon have a nice move down for either a bigger wave B down or a deeper test of the lows around 229 or lower.