Remember, as long as it stays below 1105.67, I'm looking at Option 1a. Above that, its Option 1 b.
Monday 14 June 2010
15:10 BST SPX Update
If this correction (on the bearish Option 1 count) is over as marked on the chart below, we should see prices move swiftly back within the red correction channel (though there may be an extra leg up still to come to complete 5 up from the (B) of [Y] low):
Remember, as long as it stays below 1105.67, I'm looking at Option 1a. Above that, its Option 1 b.
Remember, as long as it stays below 1105.67, I'm looking at Option 1a. Above that, its Option 1 b.
