And then there was 1

Two of the three bullish options have been eliminated. The remaining bullish count is that minor wave 4 of intermediate wave (1) is still underway and looking for a low. The “Critical Bullish Level” as highlighted above should provide the support for minor wave 4. The (y) = (w) target is ~425.50.

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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