Monday, 21 June 2010

18:47 BST - SPX Update

Here's an update on the SPX chart I posted before the open suggesting a possible count that could mean an important top on a new high today:

SPX 2 min chart:

I don't know if this count is correct, but the action today does now look on the bearish side. The levels I mentioned in the earlier post are still intact so far, so at this time, the bearish count is not definite.