Watchout for lipstick.

The more I look at SPX the more this still looks like just a of (v) rather than the micro wave 1 start to c from a VERY shallow b.

(& more than micro B of expanded flat b)

So that can still leave a "surprise" test of 2740* region as "b"...

#PinkPig

*Also since this a wave stretched a bit more... the 2725 region may be needed so that the c of (v) fits w/ more normal proportions.

**Actually if we get 2740 for close to the 61.8% retrace of a then that sets up for c=a right at the top TL of the LD into the July OpEx.

SPX.XO - BIG Macro - Jul-13 1051 AM (1 hour)
SPX.XO - BIG Macro - Jul-13 1051 AM (1 hour)
SPX.XO - Micro Counts - Jul-13 1102 AM (15 min)
SPX.XO - Micro Counts - Jul-13 1102 AM (15 min)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.