Monday, 23 August 2010

15:25 BST: SPX Update: 15 min chart

You can see that we've hit a nice spot for the end of wave [2] if my previous 1 min close up chart is correct. I think though that if shorting, you need to be aware of the risk of further upside due to the lack of divergences in the indicators as shown on this 15 min chart:

SPX 15 min pitchforks: