MCM_Creative_Technologies
Short

Intermediate Term Elliott Wave Flat Update

FX:SPX500   S&P 500 Index
We are approaching fourth wave symmetry and if this is to be nothing more than a corrective wave then we should start to see some selling develop in the general vicinity of 1975 +/- The more bearish scenario was invalidated on the break of the highlighted crash channel. Strength through the 1980 region would bring the wave 4 scenario into question and likely see us rally another 80 points up to 2060 and reach our alternate Magenta wave 3 count target. Good luck today and profitable trading.

If you have any questions about our analysis or any of our analysis systems, contact me anytime at john@mcm-ct.com
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