On the Dax post I showed a chart with a possible 1,2 i,ii Elliott wave count.This can also be applied to other indexes like the S&P ,though with the markets closed today the 13th trading day will come in 1 day later.Fib counts do not have to be exact and a valid turn could come on 12 or 14 days.The count implies a iii of 3 down,which would be a sharp fall as 3rd waves are the most dynamic,so a 3rd wave of 2 degrees would be particularly strong.This is not a forecast but is something to consider if the market turns on this timeframe.
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