Friday, 13 August 2010

15:25 BST - SPX Update: 1 min charts

Its possible we just saw a high for wave (2) of [5] if the main count labelled is correct:

SPX 1 min from 1129.24:

Here's a close up:

SPX 1 min close up:

The high at 1086.72 has to hold. If it doesn't, we may be in the (W)-(X)-(Y) suggested or the more bullish alternative of a wave [5] and i low yesterday (or something even more bullish).