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Thursday, 29 July 2010

16:12 BST - SPX Update: The incomplete single zig zag

This is the count for the bullish case which still requires a 5th wave to complete wave [c] of a single zig zag (see my earlier post summarising the counts for the move up from the July low):

SPX 1 min - wave (iv) of [c] of a single zig zag:




Watch the levels that will invalidate the counts shown on this chart: 1088.96 and 1065.25.