Above is a close up view of the long term Elliott wave count I illustrated in my 8/22/16 post.
A Elliott wave double Zigzag formed from the 5/20/15 peak to the 2/11/16 bottom.
What could be forming since 2/11/16 appears to be a possible Ending Diagonal Triangle.
Wave "4" of the structure could be underway now. If so the bulls-eye price target is SPX 2114, broader zone from 2124 to 2094.
Bulls-eye target date is 9/1/16 which is a new moon and a Fibonacci 13 trading days from the 8/15/16 SPX peak
A Elliott wave double Zigzag formed from the 5/20/15 peak to the 2/11/16 bottom.
What could be forming since 2/11/16 appears to be a possible Ending Diagonal Triangle.
Wave "4" of the structure could be underway now. If so the bulls-eye price target is SPX 2114, broader zone from 2124 to 2094.
Bulls-eye target date is 9/1/16 which is a new moon and a Fibonacci 13 trading days from the 8/15/16 SPX peak