Elliott Wave 5.0 "Reboot"

Thursday, April 7, 2016

E-Mini SP500 Intraday Gyrations Review

The Mini SP500 has come back much further than a 4th wave should so I have to look at a potential diagonal wave structure just in case.  Even then we would look at a potential "ABC" drop which also means the markets can soar once again. 

Right now we are just not long enough to make a zigzag fit and since I have an expanded pattern, which also has not been completely retraced just yet. This will not happen until the SP500 hits the 2034 price level.