Tuesday, 6 July 2010

17:27 BST SPX Update

Here's a possible count for a top to this move up from 1010.91. Its the double zig zag count shown earlier but now complete, with a leading diagonal 1st wave down in the next down leg.

Today's high is the invalidation point for this count. 

SPX 1 min completed double zig zag:

On the single zig zag count, the move off today's high could be the A wave of an X wave . That would become the main count if we take out today's highs.