Another Elliott count

I am not a great Elliott exponent and following all the different counts the last 12 months or so has been a frustrating exercise.Nevertheless here is an interesting chart from Mike Breaux                                  

(http://mbewtrader.blogspot.com/2010/12/spx-elliott-wave-counts-two-charts.html) that considers the whole rally from 666 as a corrective wave 4 that reached its max upside target yesterday.