2This is a wave count on the S&P 500 Equities Index.
The present wave count has the index at
1. Primary wave 3
2. Intermediate wave 5
3. Minor wave 3.
A .682 fib projection has Primary Wave 3 topping around 2827 in middle of 2018.
So forget about everything you hear, the market is telling us ( and has been since 2009) that it has been and probably wishes to go further up ( well if you subscribe to wave theory and Fibonacci atleast) :)