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Elliott Waves Counts: S&P 500 Short

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
I have been maintaining a very long-term count for S&P             and if my count is correct, currently we are in the 4th wave of a 5th of a 5th. However, I believe in terms of duration, it is too short a time to have ended the correction. This the current up move (labeled W-X-Y             ) is actually a connecting "X" to a complex combination. What this means is that my bet will be on S&P             to fall below the recent low. The current high is also very near to the previous peak made.
Comment: We are almost reaching a critical support price for S&P. Take note of how the price will move this week.
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