Given the strength in the SPX I think that a double zig-zag OR Flat may be under way W,X,Y (red) on the chart.
The X wave is taking the shape of a double zig-zag and possible targets are 2901-2906.Good Luck
The X wave is taking the shape of a double zig-zag and possible targets are 2901-2906.Good Luck
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Correction , targets are 2491 to 2496
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SPX looks like it is making an extended FLAT with a DZZ forming the B wave. Target is around 2510 which is Wwave = Ywave.
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Note - ATR is diverging from its downward trend which may indicate the end of this impulse wave is near.