SP Alt. Counts

Most of the Elliott Wave counts I've seen have the SP 666 as a complete " 1 " down from 1580. However note the .618 retrace depicted below is for the subwave 1439 to 666.

click to sharpen
The correction up is also approx equal to the measured down move in time. The correction is unlikely to be a 4th due to it's significant retrace in price and time, but it could be. It's character does suggest it is a 2 wave but perhaps of lesser degree than most have labeled. Won't make much difference short or intermediate term.

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