Monday, 28 June 2010

16:21 BST - SPX Update

On the count shown on the chart of Option 1, where I'm looking for a wave [4] (if it hasn't already completed at 1085.95), we may be forming a triangle:

SPX 1 min chart:

We would be in wave (E), so couldn't take out the wave (C) high at 1083.56. That would invalidate the contracting triangle.