Wednesday, March 27, 2013

S&P 500/Dow Jones ~ Elliott Wave Count ~ 27 March 2013

Two possible short-term counts:

If we're in an ending diagonal (first chart) the top should happen within the next one or two days and we shouldn't get a convincing break of 1565ish.

Should we get a convincing break of 1565ish (Dow 14550ish) though, the second count should be correct and the rally should go on for another week or so.

Let's see what happens tomorrow.