On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.
Imagine the unimaginable: (1) I am reluctant & hesitant to put the 5,000 mark on SPX daily chart; however, that is one of the likely roadmaps based on several LT indicators. (2) the last correction would be best counted as a W-4, or part of W-4. (3) W-5's logical target is 5K.
SPX 4488 support line: (1) the red w-4 looks like started today. It would take a couple of days to dance around 4500. (2) ideally, it won't fall below 4488, the orange gap zone and then work out a series of blue w-4 & w-5. (3) if 4488 is broken, a LARGE Triangle W-4 is likely.