Thursday, 10 June 2010

18:10 SPX Update

The move down from today's high can be counted a number of ways at this time:

1) a (1),(2),1,2, with the second 2 being an expanded flat; or

2) a diagonal in progress for wave (1) or (A); or

3) a 5 wave impulse down to 1075.52 for (A), followed by a (B) wave and now in a diagonal for wave (C).