5/14/2017: sp500 analysis and possible path

It has been a while that the sp500 index consolidate below 2400 and above 2380. It is time to make some resolution to resolve the market move? Following is the analysis of some important levels to watch and measured moves for target hit. The corresponding possible path is posted.

http://schrts.co/E7VFsC

• small consolidation box [2380, 2400], upside measured move: 2420, downside measured move 2360 (match the big consolidation box's middle line)
• big consolidation box [2420, 2400], upside measured move 2480, middle line at 2360
• bottom support arc drawn on the chart

1. path: honor the bottom support arc up to 2420-> 2400-> 2480
2. path: break down box [2380,2400] and the support arc and move down to 2360, then reverse the course, ->2360->2420->2400->2480

If the index break down 2360, the path will be totally different and is not discussed here so far. Currently I am still maintain my bullish view as it is. 

My person opinion is not for investment purpose, but for education and illustration.