11 Dec 2014 - Similar Patterns?

Are we forming the same type of pattern with the one made in late Sept. down to Mid Oct.? (Blue Circles).  Again the 75ma has become a resistance, but this time its in the 60min chart.  An A=C wave of this move would target a minimum of 2009 SPX pts.  Which is also the tops made during Sept.  Our MT signal is not indicating a turn for a move down.  Therefore I am inclined to call this move so far as corrective.  Price can stretch down to 2000 which is not too far fetched since it within the distance.  This is also the 75 Day MA as well.

MT: UP
ST: DOWN
PA: DOWN

 

I have added another alternative EW count that I had missed prior...