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Wednesday, 7 July 2010

14:50 BST - SPX Update

If this count is correct, then this would be the area in which we would expect it to turn down now for wave [3] of  v. Obviously, there's nothing to stop it from going to the higher area of resistance up to about 1040. The invalidation point remains yesterday's high at 1042.50:

SPX 1 min chart - complete double zig zag at 1042.50: