Thursday, 10 June 2010

19:55 SPX Update

The market finally made its move. This is a possible count on the bearish side - putting us in wave (C) of [Y] to complete wave ii up - but bear in mind theother more bullish possibilities I listed in the 16;22 BST update. Here's a 1 min chart:

We are probably in wave 3 of (C), unless its going to extend, so at minimum, a wave 4 and 5 needed to finish it off.