Elliott Wave Analysis of the S&P-500 (SPX) by Sid from Elliott WavePredictions.com. Click on the chart twice to enlarge.

Based on the futures pre-open this morning, it appears most likely now that we are seeing a large ending expanding diagonal in the SPX. If that (relatively rare) wave count is correct, and if my labeling is correct, (which was quite difficult by the way, because wave 3 must be longer than 1, 5 longer than 3, and 4 longer than 2), the SPX must reach 1286.57 before it turns, and it looks like it might get there by the end of the week. Invalidation is at 1356.48.

Sid
http://elliottwavepre.wpengine.com