2 scenarios brewing for SPX's drop 1-14-2014

2 scenarios brewing:

1. We are finishing with the minor wave ii correction of int wave V of the final Major Wave V of the extended Primary Wave III. Should be around 1800-1817. A break below 1768 will invalidate the scenario (50% chance)

2. The unofficial elliot wave count for SPX (not for DOW JONES-some violations) says that we may have ended already the major wave V of either Major Wave III or Major Wave V of this Primary Wave III Bull Market (50% chance). Will confirm if it falls below 1768 soon.