SPX is a symbol of a cash index of S&P 500. In many cases it has a slightly different count then ES mini futures. In this case SPX looks like it has still not topped in wave ( iii ) up off the December 2018 low. The rally off December 2018 low has to be subdivided into five waves. And this micro rally is the final subwave c of v of ( c ) of ( iii ) that should complete that wave ( iii ) up.

To nail the top of that wave ( iii ) I use several projections. Currently those projections give me two main clusters of fibs: 2,876 and 2,922. The lower target looks very reasonable. As soon as wave ( iii ) up tops we should get a corrective wave ( iv ) down that may target 2,747 – 2,700. Then wave ( v ) should follow and it should reach a new high of 2019. That final wave ( v ) up would a larger rally started in Dec 2018 in wave ( A ) of ( 5 ) up.