Short Term Elliott Wave Count 8-11-23
The SPX has completed an extended Elliott Impuse wave at the 08/09/23 bottom. The subsequent action after 08/09/23 appears to be a developing Expanding Flat. If so it could be complete in one or two trading days.
The presumed Minor wave "1" could be the first wave of a developing bear phase into October 2023. Significant bottom could be made in the area of the October 2022 low.
The presumed Minor wave "1" could be the first wave of a developing bear phase into October 2023. Significant bottom could be made in the area of the October 2022 low.
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