Looking at the SPX I think it is now in the C wave of a regular flat and will decline in 5 waves to 2300 which is the .236 retrace of wave (3) AND 1.236 of wave a in the flat. This should complete intermediate wave (4) after which wave (5) will take SPX to new highs.
Good luck
Good luck
Comment:
Note - a flat in wave (3) would satisfy the EW alternation guideline as wave (2) was a zigzag. Also there are a couple of gaps to fill in the B wave of the flat which should be filled in this final c wave.
Comment:
Looks like SPX is actually in wave 4 of wave B of the flat and forming a triangle. If correct spx will push to around 2400 again before starting flat wave C down.