Tuesday, 17 August 2010

17:34 BST - SPX Update: 1 min chart close up

Here's the close up of the bearish count, but I've noted on it the possibility for another high to come to complete wave (5) of [C] - this arises if wave (4) wasn't a triangle:

SPX 1 min close up:

Unless we start dropping like we've completed a corrective move up from yesterday's low, this possibility remains.