Monday, October 3, 2011

S&P 500 ~ Elliott Wave Count ~ 3 October 2011

In the morning we got a huge bounce from the 1120 support area back to the 1140ish resistance area. By noon though 1120 was breached and the SPX declined to below 1100 by EOD.

Once 1100ish is breached we could go down to 1040-50 or even 1000-10 fairly quickly:

See this post for the the bigger picture ((A) or [1]).