As mentioned earlier, the S&P is doing more or less the same thing as the TSE. Two reasonable counts, one with a triangle in the 4th wave position and one with a simple a-b-c 4th wave. Here is the picture once again. If correct the target should be in the vicinity of 700, as measured by the triangle or by assuming 5 will equal 1. Here is the picture, click on it to enlarge.