Most likely SPX is still in 5 of 3 of 5 which better corresponds with VIX low in mid summer which should be 3 of 3 of 5 (where momentum peak is). If correct, then there should be 3/5% pullback from local top which should be coming pretty soon to to get 4 of 3 of 5, and then 5 of 3 of 5 into 2018 where a more significant correction should happen. 2660 target there