Friday, 11 June 2010

13:45 BST ES Update

Last night I posted a bearish count showing a possible top in SPX. It looks like ES may also have topped - in the overnight session it didn't take out yesterday's highs. But, we'll see. Here's how it looks at present:

This needs to follow through to the downside now since, as a corrections in wave ii, the count looks complete. If we reverse from here, chances are we're in a continuing wave (ii) or one of the more bullish counts I posted at 10:39 BST