Friday, 2 July 2010

19:56 BST - SPX Update

All three counts on this chart updated from an hour ago remain valid - the sub-dividing wave (5) count just managed to survive, but if that's the operative count, it probably has to have started wave 3 of (5) now:

SPX 1 min - double zig zag completed at 1032.95:

If we don't take out the low marked (X) at 1015.93, we could be in a triangle, in which case, its almost certain that we're in wave (4) rather than wave [2]. Otherwise, the other levels to watch are the same as before.