Today 8/19/20 the SPX appears to have completed an Elliott Wave - Ending Diagonal Triangle (EDT). After completion of this pattern there's usually a return to the EDT point of origin which is this case is the support zone disused in my prior SPX post. Continue monitoring the hourly Stochastic for a possible buy signal in the oversold zone.
The wave count illustrated in this post is a best guess. There's a high probability the SPX is somewhere in a third wave up from the March 23, 2020 bottom. Elliott - third waves can sometimes be difficult to count because there are so many wave extensions.