Wednesday, 25 August 2010

14:44 BST - SPX UPdate: 1 min close up - on alert for a possible bottom

Its difficult to tell if this move down is over, but having got the low below 1046.68, we've certainly fulfilled the requirements for the completion of 5 waves down from 1081.58. So, I think we need to at least be on alert for a possible bottom somewhere around here (for what that might mean, see yesterday's end of day update):

SPX 1 min close up: