Tuesday, 22 June 2010

17:46 BST - SPX Update

On the count I posted prior to the open, we could be forming a triangle for the 4th wave. If we're currently in the D wave, we shouldn't go below the C wave low at 1109.15.

If we drop below 1108.24 without an E wave, then the 4th wave will probably be counted as complete where I have put the label. Or it may be that we're in the [1],[2],(1),(2) count I posted shortly after the open.

SPX 1 min chart: