I have a slightly different count. I too can see the C wave going as high as about 2520ish (but it cannot exceed 2527 or the count is invalid as wave 4 would overlap wave 2).
I do have an issue with your subwaves iii and iv within the larger wave 3. These cannot be valid as wave iii (144 pts) would be smaller than both i (157 pts) and v (158 pts). This is not allowed per Elliott Wave theory which states wave 3 cannot be the smallest wave.
Will_Wong
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@CryptoTA4U, According to EW guidelines, if at least 3 indices shows the same count, we can make an exception to that rule.
Will_Wong
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@CryptoTA4U, The Dow and the Nasdaq has the same count without any violation so it is okay to make an exception for the SPX.
garyfung
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My count is simpler. Wave 4 got extended but still failed to break 2520, which was my line in sand for the whole 5 waves to be valid. With Apple revising guidance and tanking after market, SPX should be continuing down towards 2250-2300
@Will Wong, but you still have wave (red) ii-iii as the shortest wave - that isn't allowed under EW guidelines. Crypto seems to have the better count - wave 3 not yet complete.
Will_Wong
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@kunsan, According to EW guidelines, if at least 3 of 5 indices shows the same count, it is okay to make an exception to that rule.
Will_Wong
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@kunsan, The Dow and the Nasdaq has the same count without the violation so it is okay to make an exception for the SPX.
I have a slightly different count. I too can see the C wave going as high as about 2520ish (but it cannot exceed 2527 or the count is invalid as wave 4 would overlap wave 2).
I do have an issue with your subwaves iii and iv within the larger wave 3. These cannot be valid as wave iii (144 pts) would be smaller than both i (157 pts) and v (158 pts). This is not allowed per Elliott Wave theory which states wave 3 cannot be the smallest wave.