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Thursday, August 21, 2014

Thursday, 8/22/14 update

Steady ramp up in the ES/SPX since the Aug 8 lows.  The bearish alternate count presented the last couple of weeks is obviously now eliminated.

If this count is correct then the ES is in the 5th of a 5th wave of the bull market dating back to the October '11 lows.  In other words the end game.  Possible targets are at 2012.50 where Inter W5 = .786 x Inter W1 and after that at 2045.75 where Inter W5 = Inter W1.
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