Public Post Update- The SPX should reach 1363-64

My favorite two counts are either this is wave [v] of 3 now underway to new highs or its wave [iv] tracing out a triangle (though until 1332.09 is cleared a zig zag down for [iv] to 1280ish is also possible).  Under the former count, there is a nice cup and handle pattern in the works, the latter a triangle, both of which measure to the same target, the next big pivot of 1363-64. Risk remains on the short side.  Longs can afford to be patient.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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1 Response to Public Post Update- The SPX should reach 1363-64

  1. Tony D says:

    Thank You – my FAS is now profitable.

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