applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Tuesday, 3 July 2018
S&P 500 Index
The triangular Intermediate wave 4 appears to have led directly into Intermediate wave 5 but minor wave (i) could be minor (b) within Intermediate 4. The prospective divergence at (ii) portends the former view.