update - bat with target 2070 is in play. from 2070 bounce to 2112 is possible, hold short.
update - bounce to 2119 may occur only above 2097 (weekly resistance now). i closed long now and take short with stop 2098 (good entry with low risk) and target 2070 (bat pattern).
i see current consolidation 10.11.2014-08.06.2015 as similar to consolidation 08.04.2013-02.12-2013. (both in blue). the key point for rally is 477. above it we can reach 1857 very quickly. the way to 477 is now forming like 2 bottoms. so, i wait crab pattern with target 1857. time frame - July 2015. Good luck.
the same idea - 2125 target. mistake in text on chart - hold long i mean.
quick fingers 2123-2070 game. details on chart.
13:55 update - exit from long may be earlier if it will not break 2123. in this case, it will be just bounce and will go to 2070 target (bat) 2123 zone is the decision point - 2143 or 2070.
blue bat i suppose was played and now current bounce is the result of bullish bat from 2104. it looks like,that we may play rose crab to 2081 till the end of the day. must be brave, to go long on weekend.. next target 2081.
update - hold short. waiting for 2101 touch to proove h&s with target 2056. week close below 2105 will give us reversal. below there are 5 patterns which will be in play next week if we touch 2101 today.
hold short. the 4th pattern appeared today - bat with target 2101.7. if it work, spx will proove H&S pattern with target 2058. Friday close will be important for reversal week idea.