E-Wave for the S&P 500 Index

[RCKS]

"...Near-term, SPX is still holding the recent swing low, though it did dip below red again -- which can sometimes be a sign that buyers are running a little thinner, so bulls should stay on their toes here:..."

http://www.pretzelcharts.com/

Not much has changed since last update, since SPX didn't break any new price ground on Friday, so I recommend rereading that update if needed.

Near-term, SPX is still holding the recent swing low, though it did dip below red again -- which can sometimes be a sign that buyers are running a little thinner, so bulls should stay on their toes here:



Big picture, it will be interesting to see if the major breakout (blue, then black) gets challenged:



In conclusion, not much more to add since Friday. Trade safe.