After combing through some of the more talented wave counters in the blog world, the preferred wave count has the SPX in a wave 4 after Friday's close. The targets on the upside for this wave 4 range from 1200 to 1260. These targets make perfect sense as they are your typical fib retracement levels.
Our Wave counter "ETF's" current count..showing we may have topped today or are trying to top and complete wave 4 makes sense. I am with him on that count, but for other reasons. I am also leaving the door open that the next pull back will be only a wave B of an abc move and we see higher levels from where we turn up here. Good trading. G-
