S&P 500 Index

The bounce wave is impulsive, thereby it is minor wave 1. The retrace of Primary wave [2] is at 61.8%. The minute 5th wave appears to be complete when viewed on a 15 min chart. Minor wave 2 will now almost certainly commence.

The minute 3rd wave [iii] reveals the structure of its extension. 

LINK:   SMI Index

SMI, (Hourly & Weekly)

The hourly SMI chart appears to have completed minor wave 1 which is almost at the 61.8% retrace point for the Primary wave [2] which commenced early in 2018. 

The positive divergence of the RSI for the weekly SMI chart points to the completion of primary wave [2]. 

S&P 500 Index alt

 Wave [i] wants to be a leading diagonal.