Thursday, 5 August 2010

15:07 BST - SPX Update

Here's a possible count if today's decline is just part of the 4th wave of [C] of a zig zag or second zig zag (this chart uses the degrees shown on the chart of Option 2):

SPX 1 min - 4th wave in progress, 5th wave to come:

Again, this remains possible until we take out 1104.32.