SPX Update: Near-term Targets

Last updates bullet points were useful, so I'm going to reprint them for anyone who missed it:

1.  We are technically still inside that inflection zone, so we can't entirely rule out a pending reversal.

2.  But if this breakout continues THROUGH that zone, then bulls could trigger another "all clear" for themselves.  

3.  Right now, it looks slightly more likely that bulls will make it through this zone.  Not a given, but I personally wouldn't bet the farm on a reversal yet.

Near-term, SPX appears to have two main options -- up now, or up a short time from now:

Note that the targets on the above chart would be for the current micro wave 3 -- that would then be followed with a small correction in 4, and likely still higher prices in 5.

Nothing's changed on the bigger picture:

Beyond the near-term targets, not much to add from recent updates.  Trade safe.