Wednesday, April 3, 2013

S&P 500 ~ Elliott Wave Count ~ 3 April 2013

The SPX has already lost more than 10 handles since the break of the wedge and hit 1550 just before the close:

(previous count)

As mentioned earlier today, 1540ish is most likely the next target. If get a convincing break of this level, the count above looks actually very good and we could see a big correction in April/May.