Friday, 23 July 2010

20:06 BST - SPX Update

Well, we have a possible top for the double zig zag I posted earlier. Taking out the wave 4 low at 1099.72 would increase the odds that it is complete, though it might be safer to wait for the wave (4) low at 1090.22 to be taken out:

SPX 1 min - complete [C] wave of second zig zag, starting at the 1065.25 low: