Thursday, October 14, 2010

S&P 500 ~ Elliott Wave Count 13 October 2010

We didn't get the convincing break of the 1180 area but still I think that the bullish count is underway now (a close above today's high should confirm it).

I expect wave 3 to top between 1220 and 1250 (April high, 1.62 extension, inverse H&S target).