Tuesday, April 13, 2010

SPX ~ Elliott Wave Count 13 April 2010

As I've already mentioned during the day I see now an alternative count (ED, see below) but I still prefer the count with a target of 1220-40 for wave [v].

While there should be a big rally tomorrow according to my preferred count, the alternative one needs only one more wave up to complete the diagonal.

With Intel being up 4 % AH we may see indeed a nice rally tomorrow.