markrivest
Short

Minor Wave 4 Still in Progress

TVC:SPX   S&P 500 Index
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10
224 5
Today 3/27/17 the SPX broke through Fib support and appears to be headed to my original support target zone of 2280 - 2300.

Minor wave 4 could be forming a Elliott wave Double Zigzag . The second wave (b) is probably forming a Horizontal Triangle.

Wave "b" = 1.618 x "a"
Wave "c" = "a"
Wave "c" = .618 of "b"

If this count is correct the SPX could open down and may reach the Fib target of 2280-2300 later in the day.
If price target of 2280-2300 is reached on 3/28/17 it is only one trading day after the bulls-eye Fib time target of 3/27/17.

Mark
There are Bradley dates on March 29th and April 3rd. One has to allow 2-4 days either side of these dates. But all things considered, it looks like March 29th (give or take a couple of days) might be a five wave high, and April 3rd (give or take) might be a correction low. After April 3rd the Bradley roadmap suggests a strong rise into June/August, which is when it's possible the wave 3 target of 2590 will be hit. After 2590 there should be a significant correction of circa 200 points into October. If all this comes to pass there will be a great opportunity to be short from 2590 for 200 points of profit.
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Watching to see if this develops into a clean five wave advance from the 2322 low. If so, this is likely the first part of a new rise towards a higher target at 2590.
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bassalej kunsan
@kunsan, do you have a wave count somewhere one can take a look? jules_bassale@yahoo.com
Thanks
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In either case: The wave from Yesterday's low must be an impulse wave!
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As you know, my own target was the 2315 area where c=1.618. 2322 is close. I agree with your analysis that the last movement looks like an expanded flat 3-3-5 which should produce a new low. However nothing in life is simple and I suppose a five down could be complete with an irregular triangle. Whatever happens, I'm expecting a strong upwards move to start soon with a target of 2590.
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