SPX Elliott Waves (SP500)

[gratitude]

Current Elliott Waves - Market action was not indicative of an impulse down wave in my opinion; therefore, I see two possible outcomes:
1. market is doing wave black B up, then will head down to finish larger green wave 2 - what i do not like about this one is that it puts the end of wave B very close to ATH - if it goes like that, the entire move in May-June will be a huge flat, with wave A having 3 waves, wave B with 3 waves (only 2 waves done so far), and wave C with 5 waves (to follow).
2. It is possible that wave green 2 is done (entire May) and it started wave green 3 up, by doing so far waves blue ((i)) and ((ii)) in progress - this will explain the action from last week where it is taking its time to develop the wave blue (ii)). EMA(10) on the daily sitting at spx 2863 right now might give it a boost to start wave blue (iii) up.

Next weeks should help clarify the big picture - so far, there are too many viable options on the table.

Do not use Elliott waves for short term trading - they work properly for longer term trading (i.e. 2-3 months is the best)