Friday, 20 August 2010

16:38 BST - SPX Update: 1 min chart: possible wave 4 triangle within (5) of [1] down suggesting a low soon?

With the sideways action we've seen since the initial decline, this possible count suggests itself (whether wave (1) of [1] is where I have it or at the 1085.76 low as suggested in my earlier post):

SPX 1 min: