Schnauzel

SPX : up for a couple a weeks, before the downtrend resumes.

TVC:SPX   The Standard&Poor's Index
With the weekly Stoch RSI in oversold territory, this is my favored SPX             wave count. It would be invalidated should the SPX             register a new all time high.

In a nutshell, 2 to 4 up weeks (or green bars if you prefer), and after that a test of the 8 years trend line .

This does not preclude a down opening next week, but we should finish the week with a gain.
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