SPX Could be Forming an Ending Diagonal Triangle

There is an alternate wave count for the SPX that came into play on 7/27/18.

Most of the time after the conclusion of a Elliott wave Horizontal Triangle there is a powerful thrust in the direction of the main trend.
The subsequent rally after the early May bottom has not been powerful.
If there's not a powerful thrust after the Horizontal Triangle, then a Ending Diagonal Triangle (EDT) is the next most likely pattern.

There is a chance that wave (4) of the EDT could be comlete somewhere in the SPX 2780 - 2790 area.
Bottom could come on 7/31/18 or 8/1/18.

Mark