$SPX possible ABC correction

SPX hit a rejection at the 0.702 retracement fib 4745 and potential could be in an ABC correction that could be the start of a larger selloff down to 4400 eventually. SPX is now currently battling the 4645 area, a break above 4650 should take it to 4700 next where it’ll face resistance and likely resume a downward trend. SPX breaking above 4745 will invalidated the bearish setup