Tuesday, March 18, 2014

S&P 500 ~ Elliott Wave Count ~ 18 March 2014

The support at 1845ish was successfully tested once again yesterday. As long as this level holds, the trend is up. Once 1880 is broken, we should be in wave 3 to 1940+.

As mentioned earlier, if the SPX declines below 1845, a sell-off to 1815ish is likely (or even to the lower trend line)

Author: Patrick Eugster