SPX500 Chart: 5 Up Waves Completed in General

Usually, there will be a healthy technical correction at least after 5 up waves or 5 down waves, the first potential meaningful support of the correction will be located at about 4600. Refer to 5 down waves 1 to 5 and 5 up waves 1a to 5a. 

4818 support will be considered being minor unless prices stay above it for a longer period.