Example of 1-2-3 set up from last Friday as requested

Last Thursday a potential 5-wave up structure formed on the short time frame (5-10-15 min) charts:
i-ii-iii-iv - to -1 on Thursday Oct 1:
- MACD histogram became positive, following the price up and then negative (MACD < 0)
- potential wave-1

Then Friday am, there was a strong gap up at the open:
- Price closed on the 15 min chart above Thur high (labeled 1) accompanied by MACD elevating higher than Thur
- wave-3

By Friday 3:00pm:
- there was a divergence in the MACD with Price
- MACD histogram had become negative
- end of wave-3

Gain: 196.75 - 195.75 - $1 (10 $SPX points).

Unsure at that point what would follow, including the weekend, so an exit seemed resonable

Monday action: Don't just do something-stand there and observe!
- Is this wave structure over?
- Total points of wave = $50 on $SPX: Usually upward waves 1 on larger time frame are 60 points
- the gap up open followed by a drop reminds of a final wave/push up and possible completion of a 5-wave structure

Next: If tomorrow we close the day above today's high, we may be dealing with an 1-2-3 set up on larger time frames (hourly-daily) - we will evaluate tomorrow Tue or Wed at close

For downward movement, we want to see the price move below 195 (Thur high)