Geofftv1

SPX - Lets go counting (updated)

Short
Geofftv1 Updated   
SP:SPX   S&P 500 Index
This chart updates my idea from 17th June in that intermediate wave (2) is complete and intermediate wave (3)
is underway. Minor wave 1 (blue) completed with a leading diagonal and retraced 61.8% for minor wave 2 blue.
Minor wave 3 (blue) is underway and once again the long term 2009 trend line has been breached. Target for minor wave
3 (blue) is around 2695. Good Luck.
Comment:
Minor wave 4 blue may be complete at 50% fib retrace, look for wave 5 blue starting soon.
Comment:
Minor wave 4 completed at 2733 and minor wave 5 is underway.
Targets are 2697 or 2696 where wave 5 would = .618 waves 1-3.
Good luck
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