Tuesday, 27 July 2010

20:00 BST - SPX Update

Well, if we did top in the double zig zag count at today's high (see my earlier post at 16:07 BST) there would now be another set of ones and twos on the chart I posted at 17:01 BST. To avoid that, here's a possible count that makes the whole of the sideways move today a wave (2):

SPX 1 min chart - double zig zag top at 1120.95, (1)-(2) down:

Today's high is the invalidation point for this count. Please refer to the 16:07 BST post for the other levels to watch.