I'm confused about the rise from 2084 as it didn't reach logical upside targets. This chart is just one possible explanation.
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If the rising wedge idea is valid, then (from the a,b triangle) the rise to 2277 will be wave 'a'. Wave 'b' should ideally fall to overlap the peak at 2213.
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I should have explained that (from the a,b triangle) the move upwards to 2277 is an exact abc where c=1.618. That seems too much like coincidence and reinforces the idea that a rising wedge might be in play.
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Interestingly this rising wedge idea for SPX matches the same potential pattern in FTSE.
