Triangle Busted - Market Analysis on Aug 25th, 2015

Sorry for 2 updates tonight, but the triangle busted before the market closed.  So, this leaves us with the 1873SPX level which, if held, still gives us a bigger wave 4 in a flat.  But, below that with follow through below the prior low has a minimum target of 1862SPX for wave 5, but, more likely extending down to 1835, depending upon size of extensions.  That break down means wave 5 is in progress.

3minSPX
3minSPX
Avi Gilburt is founder of ElliottWaveTrader.net.