S&P 500 ~ Elliott Wave Count ~ 28 October 2013

No important support levels have been broken, thus the trend is still up. The wave from 1650 now subdivides into five waves hence I adjusted my count:

(link to previous count)

As you can see wave 5 might be over soon. However, as long as we are above 1740, I'm bullish.

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Author: Patrick Eugster