Custom Search

Wednesday, August 27, 2014

Elliott Wave Update ~ 27 August 2014

The primary count now has us in wave iv of (v) of [v] of 5.  Wave iv would look better if it pulled back a little more to perhaps close the recent gap up that exists at the previous subwave [4] price range.
The SPX hourly shows where upper support is. The nearest support is in the 1983-1985 range. A wave iv low in that price area would make a really nice wave structure. Then wave v would push above the previous high and finish cycle wave b from the 2009 low.

blog comments powered by Disqus