Interesting day. Stocks went down, although no panic. Suggests to me that there is more downside to come. IF we are in a [iii] down then counting the subdivisions is going to be tough. I have done my best to put together some projections based on this count. See chart below:
SP500 Elliot Wave update
I have also filled in the SPY chart with todays prices. Chart below:
SP500 Elliot Wave update
I enjoyed reading this, knowledge of Gann and Elliot is impressive.
http://multipletimeframeanalysis.com/