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.