S&P 500 20 Minute: This is the S&P 500, 20 minute chart that captures the last month of trading—including the most recent bottom and the current countertrend rally. 
I’m considering the bottom that was reached on February 5 as the bottom of wave 1. Then, over the past 6 days of trading, the market has set off on a countertrend rally that has yet to reach the 38.2% retracement level. That is why I’m allowing for a bit of a pop early next week (although the pop is not a certain possibility) before the market begins wave 3 down as indicated by the arrow on the right side of the chart.
January 2010 Elliott Wave Analysis
December 2009 Elliott Wave Analysis
November 2009 Elliott Wave Analysis
October 2009 Elliott Wave Analysis
