SPX Elliott Waves (SP500)

[gratitude]

Current Elliott Waves - From 2855.94, spx completed red wave 3 last week at 3338. From there, it started red wave 4 down, which I expect to be an ABC down. So far, spx is working on leg A down, and so far it did subwaves 1,2 and 3 (in progress or complete - Monday will tell the story). Leg A I expect to be finished by the end of the week.

It is interesting that my daily indicators (proprietary, not on chart) point to down, while the hourly ones keep pointing up. That's rare, and usually, when I get contradicting indicators means that the trend is down but the move is choppy (unlike the August one) with bursts of up moves in order for the hourly indicators to reset, which could frustrate traders because would take their stops out.