Tuesday, 15 June 2010

16:50 SPX Update - Option 3

Option 3 is that we are still in a leading diagonal down from 1219.80.

Although I can label wave [iv] complete at yesterday's high, we could still be in (y) of [iv] - there is room for this without creating parallel, instead of converging lines for the diagonal.
4 min chart - Option 3:

60 min chart - Option 3: