Thursday, 10 June 2010

21:22 SPX Update

Being bold here and marking a wave ii of (iii) high at today's highs. There are some nice fib relationships, as noted on the chart and we've retraced 70.70% of wave i. Obviously I have no idea if its a wave ii high or if there's more to go or if we're in one of the bullish counts posted below, but if it is a wave ii high, here's a 2 min chart showing how I would count it: