SPX500 - Due for a correction

As long as SPX stays above 1990 I'm bullish but a correction seems likely from here now . Wave 5 of minor wave 1 barely stuck it's head out above the extreme of minor wave 3 but I count  5 waves up so I reckon wave 1 (of wave 3) is complete. If this plays out a great opportunity will present itself to catch wave 3 of wave 3 which should be fast and furious.

Big picture : http://elliottwavestructures.blogspot.be/2016/06/s-more-upside-to-come.html

S&P - More upside to come

In what looks like an expanded flat wave 2 completed at 1990 which suggests the S&P has still a long way to go to the upside. I think all the price action starting from 2009 is a larger wave 5 so when the pattern completes in a few years multiple years of decline will follow.