SPX Monthly Elliott Wave Analysis

S&P 500 index of US listed sharesFXCM

Description

⋅ Jan 28, 2017 5:06 PM

Currently in a Wave 5 (circle) of a major wave (V).
Wave 5 (circle) price projections shown.
Note that the correction for wave (V) down is a major bear market correction.
If a zig-zag ABC correction, target could reach the low of wave (IV). Ouch.