$SPX - Market Analysis for Aug 1st, 2018

As we approach the Fed meeting later this afternoon, the SPX chart argues for it being a catalyst to send price lower in wave c of (b) toward the 2787 - 2769 target region below.

$SPX - Micro - Aug-01 0800 AM (1 hour)
$SPX - Micro - Aug-01 0800 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.