SPX update; enough scribbles to start micro-counting the decline?!?!

Since the assumption is PIV has started, hence is corrective, and thus counts as abc’s, micro-counting starts opening up some possibilities. If I’ve missed one wave, green “or iii?” and green “or iv?” then expect one more lower low, to 1765 +/- 5 IMHO. If this current count is correct then the bounce should carry the SPX back to low 1800s (1810 +/- 5) IMHO. Note however how the green iii is in this count exactly 1.618x i, and c may have bottomed at 2.000x i, measured from green ii. That’s just text book!

SPX micro count 01272014

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One thought on “SPX update; enough scribbles to start micro-counting the decline?!?!

  1. Pingback: SPX: targets for a bounce; or straight off to new highs!?!? | Intelligent Investing

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