This would complete the head and shoulders we have in play from the 1779 neckline, give us a C of 4 that is about 1.618x the length of A of 4, and retrace roughly .382 of what I am counting as "W3" on an ending digonal.
It would also be enough of a pullback to satisfy Bryan's historical wish for a pullback of 3% or better before the final (?) top, while giving us the expected Christmas / EOY bonus rally.
Counts below, good luck out there. HighRev says we're getting into some dangerous waters lately.
Here's the larger ending-diagonal. 1746 this week would allow for a W5 similar to W1 to finish up 2013.
|SPX 12-06 6M|