Fundamentals tell you where the market should go. Elliott Wave Principle gives you the road map to get there.
here's an idea ...SPX made LD (following RUT example) 2 wave in progress ??http://jeffreygtc.blogspot.com/2012/02/thursday-february-23rd.html
Vega,Many Markets Approaching Short Term Highsand sell signals.
Scotty,Some Fib times relationships are coming together on Feb 25.Oct 4 to Nov 28 is 55 days.Nov 28 to Feb 25 is 89 days.Since 25th is Sat, it could be Fri or Mon.1376 will satisfy equality, 218 pts, with the first leg up since Oct 4.
I'm noticing the SPX now doing what the RUT has been doing ... lots of LD and 3 waves ... ED's have 3 wave moves...and the 3 waves have been consisting of A (LD), B (3 full legs), and then a 5 wave impulse for C It's an ED pattern (3,3,3,3,3)
if you're interested -- for an example (with a projection) -- see my post "ED Pattern - count"or check out the RUT chart and see the same thingshttp://jeffreygtc.blogspot.com/2012/02/thursday-february-23rd.html