Final Squiggles - Market Analysis on Oct 12th, 2015

Nothing has really changed from the weekend update.  On Friday, the cash index looked like it needed one more push higher to complete, and the IWM/TF also suggested the same.  As it stands right now, there are no impulsive structure pointing down, but the one pointing up is likely in its final squiggles.

So, I am still expecting topping quite imminently - as long as we remain below 2047SPX, and we are still going to have to see how the decline takes shape to get our bigger cues as to the next major move in the market.  For now, I will be looking down for a c-wave in a larger degree wave iv, but I do remain open to what I outlined in the weekend update.

1turnchart
1turnchart
3minES
3minES
3minSPX
3minSPX
Avi Gilburt is founder of ElliottWaveTrader.net.