The SPX from the early low on 10/3/16 appears to be forming an Elliott wave Expanding Flat correction. Wave "c" of this pattern looks like a developing Ending Diagonal Triangle.
A 50% retrace of the decline from 2175.30 to 2154.80 targets 2165.05
Wave "a" of the Expanding Flat was 7.00 points x 1.382 = 9.70 + 2154.80 = 2164.50
Broader range is SPX 2164.00 to 2165.80
It is most likely the SPX could reach this target within the first 10 minutes of trading on 10/4/16.
Mark
A 50% retrace of the decline from 2175.30 to 2154.80 targets 2165.05
Wave "a" of the Expanding Flat was 7.00 points x 1.382 = 9.70 + 2154.80 = 2164.50
Broader range is SPX 2164.00 to 2165.80
It is most likely the SPX could reach this target within the first 10 minutes of trading on 10/4/16.
Mark