Tuesday, September 10, 2013

S&P 500 ~ Elliott Wave Count ~ 10 September 2013

The SPX hit my second target (1685ish) for this potential B wave today:

(link to previous count)
1685ish is pretty much the maximum allowed for this wave B. If we break above it, something else seems to be underway.

A convincing break below 1665ish should be a good indication that wave C of (4) (link to medium-term count) is underway. The target for wave C would be 1600ish.

Author: Patrick Eugster