Replies to post #47565 on Short Term Trading Member Forum

[techcharter]

SPX E-Wave Recount

The ending diagonal off the November 2012 lows fizzled.

I have several medium term counts, but nothing jumps out as the highest probability. All are based on the rally out of the 2009 lows counting as an ending diagonal.

Still in Wave 4b. Wave 4c would be a drop of more than 7% through the rest of December. Then Wave 5 rallies in a choppy fashion into early next year.

Part way through Wave 5, ready to start a little pullback (Wave 5b). Rally into the new year, top in January.

Wave 5 is nearly complete, Look out below!!!