In the Monthly Chart below, I have described the Long Term Elliot Wave count, starting at the Low of 2009.
The High @ 2134 in May 2015 defines Wave III up (white). Currently, we’re in Wave IV down: 1st target Price is 1940-50 (red and white trend line). If that breaks, 2nd Target is 1820 (red and green), purple represents 1730.
Click here for the Weekly Chart and to zoom in on wave IV down.