$SPX - Market Analysis for Oct 31st, 2018

With the gap higher this morning, SPX has now cleared enough resistance to assume a bottom in place as blue wave A or alt wave 4 in red. 2740 - 2760 would be the ideal target region to complete wave a of B before consolidating again in wave b of B.

$SPX - Micro - Oct-31 0649 AM (1 hour)
$SPX - Micro - Oct-31 0649 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.