It appears that the SPX on 9/8/17 completed an Elliott wave Horizontal Triangle that began on 6/19/17.
Wave 'e' of the Horizontal Triangle was itself a smaller Horizontal Triangle, this makes the entire structure
since 6/19/17 as a Nine wave triangle. ** See page 50 of the "Elliott Wave Principle"
Note closely the impulse wave forming from the 9/8/17 low at 2460. It appears waves 1 through 4 are complete,
if so wave 5 up could be complete in the first hour of SPX trading on 9/12/17.
Target price zone is SPX 2490.00 to 2493.90
Watch the other two main US stock indices DJIA and IXIC to see if they can make new all-time highs on 9/12/17
If the SPX makes a new all-time high unconfirmed by the DJIA and IXIC it could be a powerful sell signal.
Wave 'e' of the Horizontal Triangle was itself a smaller Horizontal Triangle, this makes the entire structure
since 6/19/17 as a Nine wave triangle. ** See page 50 of the "Elliott Wave Principle"
Note closely the impulse wave forming from the 9/8/17 low at 2460. It appears waves 1 through 4 are complete,
if so wave 5 up could be complete in the first hour of SPX trading on 9/12/17.
Target price zone is SPX 2490.00 to 2493.90
Watch the other two main US stock indices DJIA and IXIC to see if they can make new all-time highs on 9/12/17
If the SPX makes a new all-time high unconfirmed by the DJIA and IXIC it could be a powerful sell signal.