Friday, 2 July 2010

15:36 BST - SPX Update

If we take out today's current high at 1032.95, invalidating the count I posted earlier showing a complete double zig zag, this may be what we are seeing:

SPX 1 min - single zig zag in progress:

Note: we may still be in the (Y) wave of [B], so taking out what I have as the [B] wave low won't necessarily invalidate this count. Only taking out the low from yesterday at 1010.91 without making a new high first will invalidate it.