Monday, January 3, 2011

S&P 500 ~ Elliott Wave Count ~ 3 January 2011

New rally high today! SPX 1276!

You may remember the following chart:
Chart posted on December 1st (Price and Time target for wave 5)


Time target for wave 5 is Jan 5th and price target 1292 (wave 1 = 5) - Jan 3rd today and 1276 - two more days, another 16 handles - let's see if we get it : )



The uptrend is now in danger below 1254. Below 1233 wave (2) is underway.