Thursday, January 31, 2013

SPX ~ Elliott Wave Count ~ 31 January 2013

Below you can see my long-term count. It's still the same as when I first posted it (I think in 2009).

As you can see, the market is entering the area where cycle wave d should conclude. Once wave d is finished, wave e should unfold and lead the market to new lows.

For a more detailed count, please read this post.