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Friday, August 23, 2013

Elliott Wave Update ~ 23 August 2013

The primary count is Minute [ii] up of Minor 1 down. Has reached the 38% Fib so far. The Wilshire is shown for superior form and channeling but the SPX is the same squiggle count. Minute [ii] is expected to close the huge SPY gap down at around 1685 SPX.
Wilshire:
Weekly.
Sentiment is very low as reported by EWI.  Best count has the market searching for the top of wave (3). We may be there.


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