S&P 500 - The bearish count works well

The bearish count that I have been working with since the 1,130.97 high works very well.

Yesterday we saw sub wave (5) slightly below the ideal target area between 1,077-1,078.
We are now seeing a series of ending wave 3's and 4's, which should ideally end with a test near 1,050-1,051 ending the first minor wave of black circle wave 3 down.

When minor wave 1 down is done we should see a correction higher towards 1,091-1,100 area in minor wave 2, before the next powerful minor wave 3 takes over.

For now let's concentrate on minor wave 1 down towards the 1,050 - 1,051 area.