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Short

SPX Intraday Count From 12/30/16 to 1/6/17

SP:SPX   Der S&P 500 Index
145 0 6
This post ties in with my last SPX             daily post illustrating an Elliott wave Ending Diagonal Triangle( EDT             ) from 2/11/16. Each wave of an EDT             subdivides into a three wave pattern. Sometimes the sub waves within the three wave pattern can themselves by divided into a three wave pattern.
This is referred to as a Double Zigzag . See "Elliott Wave Principle" pages 42-44.

The move up from the 12/30/16 bottom counts best as a Double Zigzag .
If this count is correct it is the completion of a fifth wave up from 11/4/16 and represents the end of the EDT             . This count is valid if the SPX             does not exceed 2285.92.

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