This is what happened today. The wave 4’s I have here I am pretty sure are correct. The count going up today is my best guess. 1205 is the highest end that cannot be exceeded according to Elliott wave theory.
Compared to what I was expecting to happen
Instead of a-b-c of (4)– it should’ve been of (2).
So wed night would’ve been top of (3) and there would still be a (5) following thre open on Thanksgiving day.
We went as high as 1204.4– which represents 35 point jump from bottom of wave 4 at 1270. 35 points is the same size as wave 3. According to Elliott wave theory, wave cannot exceed length of wave 3– so that 1205 really better hold.