[bearish - red] 1or A-down from Jan high, 2 or B-up from Feb low.
The upswing from Feb low is either an EDT (red with cap of 2824.53) or WXY (grey). Once concluded, a downswing to below Feb lows is likely.
[bullish - green] ABC-down from Jan high to Apr low, LDT up from Apr low as 1-up or all of it. Once 1-up concludes, a pullback to 2600 then wave 3-up are likely.
With the lower low in INDU at the Apr low and new highs in RUT etc, a triangle from Jan high in SPX looks less likely than the above scenarios.
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