SPX500 - looking for a thrust upward to the recent top

Indeks S&P 500 (OANDA:SPX500USD)

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OANDA:SPX500USD Indeks S&P 500

Wave 4 is running a little long time-wise, but the shape is classic wave 4 in Elliott wave theory. It should thrust upward to the old highs from here. The question is will this be just a marginal new top and drop OR are we still going to see yet another meteoric rise to new highs. At this point I still view 4488 as the line between Bull and Bear.

Komen:

I would have expected a greater thrust upward but the move does seem to be underway.

Komen:

So far, It's following the projected path

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