Previously I was considering only a bullish count in which the Wave 4 was completed but here I have analyzed an alternate count in which I have discussed the downside possibility.
Watch this report in video format :
Which count will play out will soon become clear but if the downside plays out then we can see targets around the 1800 mark.
To read the previous SPX report click here.
S&P 500 Bullish Wave Count
To be more precise the expected targets are –
Target 1 : 1990
Target 2 : 1865
Target 3 : 1788
The new Wave Count is as follows :
S&P 500 Bearish Wave Count September 2016 Onwards
Learn to trade using Elliott Wave Principles – My Video Course
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