Old Analysis (25/2/2015) - Index - US SPX 500

Following is the weekly chart of US Index S&P 500. The chart shows the Elliott wave counts that look most probable to me at this stage. Analysis and likely targets are shown on the chart itself.

Following is the weekly chart of US 500 Futures Index analyzed on 16th Aug 2014 (the blog was not yet started then). So far there is no change in the way the wave counts are progressing.

Conclusion

Looks like US500 (S&P 500) may be in the wave v of 3. The first  likely target is around 2142 which is 38.12% extension 2-iii. The next is 2180 at which wave v will equal wave i. Targets would change if the wave extends.