Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge.
Here is a complete update of my wave counts for the S&P-500 (SPX) at every degree of trend. As you can see, RSI or MACD divergences are forming in every timeframe. Still, on the 60 minute chart, wave 3 pink does not appear to be finished yet, with higher Fibonacci targets for the end of pink 3 initially at 1687, but 1701 the more typical, where wave 3 pink would equal wave 1 pink times 1.618. Once pink 3 completes, pink 4 and 5 will be required to complete the structure.
Sid http://elliottwavepre.wpengine.com
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