Eyeing 2650 on SPX

While SPX has come up a bit higher than I had initially wanted to see from this past weekend, we really only have what counts best as 3 waves up in ES and SPX at this time.  So, if we can break 2650, it can open us up to a move back down to the 2600 region in the yellow count, or a direct drop to the 2530SPX region in the impulsive count.

Avi Gilburt is founder of ElliottWaveTrader.net.