Tuesday, October 16, 2012

S&P 500 ~ Elliott Wave ~ 16 October 2012

An alternative bullish count for the SPX:

The main difference between this count and the count posted earlier is how much upside is left for this rally.

If the market tracks this count, 1500ish is the likely target.

If the market tracks the other count though (see link posted above), 1600+ should be seen.

Edit: Corrected link (wrong link before)