Menu

Wednesday, 14 July 2010

14:41 BST - SPX Update

The gap area highlighted in the chart below would seem to be a good initial target if we did complete a corrective rallly from 1 July at yesterday's high:

SPX 1 min chart - complete double zig zag:


For the moment, we remain in the territory of a possible expanded flat wave (4), with yesterday's high being a double zig zag for wave B, so we need to be alert to this possibility.