Long term view has the ES/SPX in Major Wave 5 of the bull market that commenced in the spring of 2009. Current count has it in Minute W3 of Minor W3 of Intermediate W3 of that 5th wave - i.e. the 3rd of the 3rd of the 3rd. The price action since the election day low certainly has been confirming this view.
A very preliminary target for Major W5 is ES 2569, but the emphasis is on preliminary. It's far too early to know how probable that target may be.
