Elliott Wave Update ~ 13 July 2012

Minuette (ii) is the primary count. The altnerate  is a Minor 2 double zigzag which will carry prices higher than 1374 SPX.

Although a vigorous rally developed today, prices are only just coming up to major resistance again.

NYAD count. New NYAD cumulative high is the projection. Whether or not that results in a new Minor 2 high or something else we'll just have to see.