Was The Market Even Open Today?

Avi Gilburt By

You really have to ask that question as it does not seem to have any life to it.  So, there really is not much for me to add to the analysis.  

Yet, I have added a support box on the 5-minute SPX chart for a wave (4).  As long as we do not break below that support, then I am expecting one more rally to complete wave (5).  And, in the bigger picture, I am still looking for indications that a larger degree high has been struck.  Nothing changes in that regard.
5minSPX
5minSPX
60minSPX
60minSPX
Avi Gilburt is founder of ElliottWaveTrader.net.

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