Friday, May 16, 2014

S&P 500 ~ Elliott Wave Count ~ 16 May 2014

The SPX never broke 1897 convincingly and then broke below 1885ish which lead to a sell-off to 1865ish yesterday.

For now, the [i]-[ii] count looks still decent. However, as before, we need a convincing break above 1897ish to confirm this count.

Author: Patrick Eugster