As far as I can count the most suitable labeling is presented below. In Elliott terminology it is called Mixed Uprising Three Complex Correction ( labeling is different on pic but the same idea).
The target for this last wave Z is somewhere 1448 - 1450 area.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/s-h1-h4-update_18.html
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