Wave Count Update

The count shown on the disparate indexes above has been my alternative count, but it grows in likelihood as long as the 2/4 lower channel lines contain the pullback.  The indexes have already retraced a respectable 50%, sufficient for primary wave [2].  In addition, the indexes continue to appear to be channeling and perhaps after a small retracement to complete minor wave 2 of (1) of [3], we could see an explosive move up.  My primary count remains that this is the [C] wave down of C2, but it must turn down relatively soon and take out the lower channel line to remain the favored count.

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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2 Responses to Wave Count Update

  1. Tony D says:

    Between Monday and Tuesday, URE switched to SRS without signal alert in the summary table. Did I miss something?

  2. alphahorn says:

    See comment under last night’s update

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