At the open today 8/29/17 the bears had everything going for them yet the decline ended in the first minute of SPX trading.
It now appears an Elliott wave Leading Diagonal Triangle bottom was made at SPX 2417.
Todays low could be wave "b" of a developing wave "(II) up.
If rally continues watch the area around .618 retracement of the decline from 2490 to 2417.
Mark
It now appears an Elliott wave Leading Diagonal Triangle bottom was made at SPX 2417.
Todays low could be wave "b" of a developing wave "(II) up.
If rally continues watch the area around .618 retracement of the decline from 2490 to 2417.
Mark