|SP500 Time Has Run Out on an 'Ending Diagonal'|
Although the correction can deepen if it wants to, it does suggest there will be 'gap support' of some type and new higher highs are possible. Again, 2301.26 was only the limit of the diagonal, not the limit of upward price movement in total.
P.S. There is an another, equally valid, way to count .i as the first wave of a diagonal overall - just count 2284 as A of the larger diagonal, 2280 as B, and 2301 at C (the diagonal would be the C wave) of minute (i). In either case, the upward wave does not appear over just yet.