$SPX - Market Analysis for Oct 18th, 2018

If price makes a sustained break below yesterday's low, it will open the door to a potential top in place for this bounce, setting up a retest and likely a break of last week's low next. Until then, one more attempt at ~2825 may still be seen first.

$SPX - Micro - Oct-18 0815 AM (1 hour)
$SPX - Micro - Oct-18 0815 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.