Current Elliott Waves - As mentioned last week, SPX headed down at the beginnning of the week. It did not drop below 2855.94, so it seems that SPX completed red wave 2 at 2855.94. From 2855.94, it started red wave 3, and so far it finished black waves 1 and 2. It might correct along the way (small drops) but I believe that the trend is up now, and any correction will probably stay well above 2856 and probably 2893.