Friday, 30 July 2010

17:43 BST - SPX Update: Bearish Count

Here's an update to the chart of the bearish count which had us completing a double zig zag at 1120.95:

SPX 1 min - nested ones and twos or [1] down complete:

Above 1107.60 invalidates the i-ii. Above 1121.95 invalidates the whole count and I'll probably look to the near term bullish count of the continuing zig zag posted earlier.