The SPX pattern from 6/19/17 to 8/29/17 looks very much like an - Horizontal Triangle.
After the completion of these structures there is a post triangle trust in the direction of the main trend.
The rally from 8/29/17 looks like a classic post triangle thrust up.
If the SPX can move above the current all-time high at 2490.90 it will likely trigger stop loss orders.
Target zone for what could be a major peak is 2191 to 2195
Target day 9/5/17.
If the SPX does top in this price and time zone the most likely result is a mini crash down to the SPX 2130 area.
New time estimate for possible mini crash bottom is in mid October.
US stocks failure to rally after the open is very bearish.
Probabilities have now shifted in favor of the bears.
High probability very important secondary SPX top made on 9/1/17.
Downside SPX target zone for crash bottom remains in the 2120 to 2160 area.
I will have a new post up after the close with more details.
Fascinating that the markets have reacted so calmly to the Korean situation, which certainly suggests they want to move higher.
If 2490/2500 is exceeded, the more bullish count comes into play which suggests the third wave won't peak until the 2570 area.
My post mention a possible mini crash bottom in mid October, meaning that could be the end of the crash.
I will post a more specific time, assuming the SPX makes a new all-time high.
The major peak listed in the text should be 2491 to 2496.
Excellent work, please keep it up!