Friday, April 11, 2014

S&P 500 ~ Elliott Wave Count ~ 11 April 2014

So far, the SPX has declined 80 points which is in line with previous sell-offs as you can nicely see in the chart below.

As long as we keep getting higher highs and higher lows there is no reason to turn bearish medium- or even long-term. So, unless we decline much further, this is most likely just another bull market correction.

Author: Patrick Eugster