SPX500 - Has the move up started? Looks to be.

S&P 500-index (OANDA:SPX500USD)

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OANDA:SPX500USD S&P 500-index

Trend Analysis Chart Patterns Wave Analysis

trendanalysis chartpattern waveanalysis

A push higher seems to be starting wave 5. If this is the case I think it will terminate around the old high. The pre-market hours on Sunday may be interesting as will Monday and Tuesday. I'm expecting a lot of action around the old high. A place to go short possibly if the reverse is dramatic. So far text-book EW. Let's see how this plays out now.

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So far, It's following the projected path

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