Thursday, 10 June 2010

22:07 SPX Update - Moderately bullish count

Here's an updated count for one of the moderately bullish counts which puts us still in wave (ii) of [iii]. Its pretty much the same count off the low of 1042.17 as that shown in the bearish count in the last post, but here, I'd be looking for wave (C) to go higher, so the rally from where I have (B) of [Y] would be wave 1 of (C). Wave [Y] would be 1.618 x wave [W] at about 1109. Here's a 5 min chart: