Sometimes - when I am looking for an idea for a play - I think of my master. Ralph always said - sell the extension!
The problem is the range of the third wave.
Maximum easy to determine - from 2120 to 2140. Minimum has long been realized.
The S & P 500 has strong resistance at 2,094 points and the Dow Jones in 18,300 points, the indices can not reach these levels.
The reversal may begin soon, problably in the beginning of January 2015.