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Wednesday, April 2, 2014

Elliott Wave Update ~ 2 April 2014

The extended Minute wave [v] of extended Minor wave 5 count is now front and center. The subwaves are not really counting well in any other count pattern that I can see (and you all know I can be really creative at counting.)

Perhaps another dip coming in a subwave "ii"...and if support holds, then we'll see I guess. The good thing is that if this pattern does pan out, we'll have a high degree of confidence in the overall count.

A solid close beneath 1850 SPX would favor the bears.

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