Elliot Wave "C" of Expanded Flat Corrects SPX to Prior 4 at ~600

SP:SPX   S&P 500 Index
Added 7/5/15 - Just saying...let's see how she plays out!...

This is an update to my earlier SPY             analysis published 3 months ago where I incorrectly counted 5 of B as complete. A triangle began at that time leading to the conclusion that this final thrust is the real v of 5 of c of B preceding the devastating C retracement to ~600 (this is C of the expanded flat ABC begun in 2000).

Loss of monthly momentum confirms the weakness of this "phony" B rally on weak volume accompanied by record optimism and extreme overvaulation. We should see 600 SPX             between Oct 2016 and Jan 2021.

Button down the hatches!
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