This page shows the preferred current count for the S&P500 in more detail. Please refer to the wave-labeling page to see which degree waves each is. This page will be updated a few times per month. Please refer to the “SPX big picture count” page for the larger degree waves over the past 10+ years.
Last update November 6, 2018.
As price has already reached the ideal target zone, the upper end (76.4%) is now the likely target. Can also move to 78.6%. Often when the RSI5 gets overbought (>70) is when the b-wave starts to falter. Keep an eye on it.