ES Update

The following chart depicts a possible count for the continuation of the move that began on 10/18/2012. Typical Elliott project for w.v = .618 {w.i - w.iii circles} @ 1407.25 or w.v circle = w.i circle @ 1419.25

Two keys to knowing whether the market will extend in a final 5th wave as indicated will be :

1. A print below 1424.25 would bolster this count.

2. The initial decline from w. iv circle crest (1431.25) MUST be in 5 waves when viewing lower time frames! 

Let's see how this develops.

Best of Trading

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