SPX looks to be in Wave C of Flat structure (Elliott Wave)

SPX : Daily : Updated Count : W.(iv) continuation as a Flat or Triangle is playing out.
Moving down most likely as the Impulsive W.c of Flat W.(iv), meaning we have more downside remaining here.

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Daily : Another possible scenario as mentioned by Hypo 2 would be of W.(iv) continuing as a Running Flat, even in that case more lower level is expected till the Yellow support level.
However given the Impulsive nature of this move this Hypo looks less likely atleast as of now :

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SPX : 1H : Expected progression :

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SPX : 15 min. : Expected progression : Triangle looks about complete, break below W.d can be taken as sell trigger :

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SPX : 15 min. : Updated Count : Expecting down move for W.5 after break of red channel :

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SPX : 1H : Moving in downward Impulse with the current price action being in Wave iv/4 of the same.
Now this Wave iv/4 may still be continuing as a Triangle formation in which case we will see sideways to bearish movement from here on in SPX.

Trading Strategy : Short with SL little above 2825.50.
Expected Move : Sideways to Bearish.

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SPX : 5 min. : Looks to be W.Y of Triangle W.(B) :

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SPX : 1H : Reversal right at the 1:1 level suggests that Wave (B) is most likely complete and we are now proceeding in either a Triangle or Flat pattern.

Strategy : Look for longs with SL below W.(B) low. Expect upside till white resistance zone.

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SPX : 5 min. : W .c is generally weaker then W .a in a Zig Zag, hence keeps strict SL as here the situation seems opposite for now :

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SPX : 4H : SL hit on longs however the analysis still suggests that Triangle formation is viable, risk takers can initiate longs again with SL below swing low, more conservative approach would be to wait for the expected W.(C) up or for breakdown below swing low to go short :

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SPX : 1H : Could be the case that we are moving in an Expanding Ending Diagonal and not contracting :

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4H : What looked like an Expanding Ending Diagonal is playing out as such as well, is this just a continuation of a bigger W.iv Triangle in SPX, or have we completed the fall with a Running Flat structure, whatever the case may be, expect some upside move, atleast in three waves which can take this market to the white Resistance zone :

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1H : So far following the arrows :

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1 H : Expected progression :

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SPX : 15 min.: So far like clockwork :

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SPX : 15 min. : Updated : Corrective continuation or Impulse down, in either case expecting more downside till the white support zone :

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SPX : 15 min. : Taking support right at the lower level of support zone, book partial and trail rest, no sign of reversal yet to initiate longs :

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SPX : 1H : Wave B of the supposed Triangle formation looks about complete. We look to initiate longs on any sign of bullishness. Expect upmove to take prices in the 2747 to 2777 region.

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SPX : 15 min. : So far as expected : Pullback for W.b/ii look about complete, look to initiate longs above channel break with SL below swing low of 2632, looking for 2670+ levels :

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15 min. : Expected progression :

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Last one was a Crude chart, incorrectly posted here.
SPX : 1H :