SPX 500 - Move to 4700 as expected.
Updated
For the last week or so I have been saying a move to 4700 was a good downside target. At this point I think we may see a bit more sell off before a bounce. We are in no-man's land on the EW count. So I have posted the ALT. (alternative) count for a bigger bearish move.
Trade closed: target reached
I took profit here. As I think about it I should have only taken 2/3 of my trade off. I could always take a new short if a great opportunity presents.
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