Possible Triangle Correction - Which would be Wave 4I am seeing what I consider could be a triangle correction along an ABCDE pattern on SPX (chart 2).
Or at least a standard compression correction along an ABC (chart 1).
As we know, in Elliot Wave, you only get triangles in Wave 4.
So I am pondering if we are about to see a big run up to Wave 5 which would melt-up the SPX to 6000 or higher (I'm not actually sure what degree this would be).