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

Despite the bullishness of the alternate count shown in the last post, my main count remains that a top is very, very near. Price has moved above where blue C equals blue A (1310), but there are two more hurdles straight ahead: 1316.25 is where the extended wave 5 green will equal the net distance traveled by waves 1 through 3 green, and 1318 is where wave 5 pink will equal the length wave 1 pink was.

Sid