$SPX - Market Analysis for Aug 16th, 2018

I would obviously like to see a bit more confirmation from here of a bottom in place, starting with filling out 5 waves up off yesterday's low as wave i of (c), but I am very much open to counting wave (b) of iii as complete and price now starting wave (c) of iii heading toward 2946 - 2978 SPX next. The alternative remains a larger (b)-wave flat shown in red.

$SPX - Micro - Aug-16 0648 AM (1 hour)
$SPX - Micro - Aug-16 0648 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.