Thursday, 1 July 2010

19:49 BST - SPX Update

It possible we've just seen a completed correction as follows:

SPX 1 min chart:

Even on those counts where I'm looking for a 4th wave up, its only a 23.6% retracement, so the risk is its only the first zig zag in the correction, so we'd have to be alert to more upside.