Tuesday, March 13, 2012

S&P 500 ~ Elliott Wave Count ~ 13 March 2012


If wave [v] equals [i] the target for this rally is 1448. 1440 was the bear market rally high in 2008 so 1440-48 is my preferred target area for wave [v].

The SPX shouldn't decline below 1370 or else wave [v] is most likely over.