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A clear implulse wave down....trend is now down

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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trendanalysis spy spx500
This impulse down ends the throw over and appears to terminate the entire bull market. Today's recovery is "a" of an abc correction that should end in the vicinity of the previous 4th waive. The next waive down after that, if it is a 3rd wave instead of a C waive, should be a brutal selloff approximately 1.618 the length of this first impulse down that just finished.
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