SP:SPX   S&P 500 Index
Just one of the numerous ways of counting and projecting the recent SPX price action.
In this one, price would stay sideways for much more time, inside a larger flat or some EW combination pattern, forming a classical rectangle, this way supporting a larger long term uptrend.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.