C of (iv) just came down to 38.2% of (iii) of 5. Could come down further to 982.65 for 50% or 979.35 for 61.8% retracement. GDP tomorrow!
Or . . . Did the end of Wave (A) top earlier this morning at 996.68 at 10:40am and we spent the rest of the day tracing out an (a)-(b)-(c) with Wave (i) to the downside occurring in the last half hour with part of a Wave (ii) retracement up to the close. Maybe a GDP "pop" off tomorrow's opening and then a Sale???
Mup, I've noticed that several Elliott Wave blogs have a Wave (i) up into yesterday's close ( and not the "E" as you have ) thus giving rise to a Wave (iii) off the opening and then a smale Wave (iv) and (v) into around 10:30AM when the SPX made its high. Not sure if that is correct or not.
You can get a clean 5 wave count into the high if you have an extended wave (1)... Something like this, they're scribbling ??? 10min ES
Yes its my rough scribble... Trouble is, if we go back to the late 1970's (using the old Deutsche mark) the pattern looks more corrective ...?