This fifth wave should complete an impulse that began at 1220. I labeled it as wave (A) of an ABC correction that should be completed end of May or early June.
I don't think that this bear market rally (yes I still think it is one... : )) has already topped.
Below the updated Elliott Wave count:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGQ_xEmQIZ1NhpyLIusM79DxO9E253Rg8yjHOch3HR1O0Ut4NjH9Y84RmPmV2EYvhfVYOQVQst23K0iPTOULOmWYHJNwQFW_VtI66i486oCXCxtOxEddPkjgvzVGf3ZsjczPiL0Z_GNME/s320/s&p500shortterm06042010a.jpg)