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S&P 500 Index (1H) / Bullish Elliott Wave Count (2)

Long
S&P 500 Index (TVC:SPX)  
TradingSurfers  
TVC:SPX   S&P 500 Index
Chart Patterns Technical Indicators Wave Analysis SPX (S&P 500 Index) S&P 500 (SPX500) US SPX 500 spx500short SPXS spx500long elliottwaveprojection elliotwaveanalysis
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chartpattern indicator waveanalysis spx spx500 spx500usd spx500short spxs spx500long elliottwaveprojection elliotwaveanalysis
In this scenario, we are working on the 5th subwave of this impulse off the lows (within macro Flat 4 count). We've broken the base channel to the downside. If this is an impulse in progress, it is weak and W3<W1 so we may breach the 0.65 fib retracement and come back down fill the gap left by the island reversal.
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