A true breakout would point to 1800s per IHS.
[1030am] SPX update -
On the bullish side - green [iii]-up (of 5) or a potential IHS pattern
On the semi bullish side - potential red triangle / sideways double three, as wave (4) at a higher degree.
On the bearish side - potential downward flat (black, red) or impulse down (red)
See chart.
