SPX is retesting the 2-year breakout-line/neck-line this week (Chart 1) to determine a continued upswing or a false 2016 breakout.
Meanwhile, a 7-wave decline since the ATH is approaching the pink line (Chart 2). The point 6 to 7 downswing can be counted as the green [a][b][c] or the blue incomplete impulse wave (Chart 3).
