Thursday, October 17, 2013

S&P 500 ~ Elliott Wave Count ~ 17 October 2013

The SPX hit a new all-time high today:

The last swing highs for the SPX were 1690, 1710, and 1730. So I think wave B could go as high as 1750. After that wave C to 1650 (?) should follow. Wave C should be underway if we decline below 1700.

For medium-/long-term counts click here:

Author: Patrick Eugster