Tuesday, 20 July 2010

14:43 BST - SPX Update

If we're in a 3rd of a 3rd at various degrees, as anticipated in two of the counts I posted earlier, we should drop through the price void on this chart without much difficulty. If we're completing wave [5], as shown as an alternative on the second chart in the earlier post, we may make a brief foray into it then start back up in a 2nd wave retracement (the third count in the earlier post has been invalidated):

SPX 60 min chart: