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: http://www.wavaholic.com/2013/10/s-500-elliott-wave-count-11-october-2013.html
Author: Patrick Eugster