W1, W2 cup and handle 2 before 3 which is a very powerful formation for a W3 setup
A wave 3 would take out the 10 day high after breaking 786 yesterday
SPX appears ready to reverse off an A = C zigzag off the highs http://masterofcharts.com
2095-2100 would be A = C in the zigzag min for SPX..this would be a C wave, but a Wave 3 would target as low as 2050-2060 at 1.618 http://masterofcharts.com/chart-forecast-elliott-wave-update-for-spx-es_f-downward-c-wave-in-progress/
2146 is the must break level here for SPX..if it's taken out there's a good shot at the top of the B wave at 2162
They’re battling to keep that 2119 level intact this morning and could even spike past the upward 4 level of 2136 shortly..but it’s not going to be easy to prevent any further fade here..