Traders Cooperative

[Wishthiswasmyjob]

I had posted this on the SPY board
A few weeks ago, and I still feel the pattern is valid,
When compared to the current 2 year SPY or QQQ charts.

Yes, we may see bounces of 2 hours to 3 days, but eventually the Elliott pattern
may very well "play out".

We've got to remember how much debt is out there and how "fragile" the consumer is,
Even with low unemployment and rising wages.
The consumer is the majority of the GDP, and once confidence cracks, spending quickly slows.

Did we just fall from point B here, the last couple of days?

Elliott