The ending point of the major wave (5) doesn’t look alright, and the market needs to confirm it in the coming weeks. The region between 740-750 remains to be crucial.
SPX wave counting
On the following hourly chart, if SPX goes above 802-805, the market will be in corrective wave. If it heads down again before reaching 795, the downward momentum will be very strong.
XLF hourly: sell signal confirmed, very bearish. SKF hourly: uptrend is valid
XLF hourly 
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