Tuesday, 3 August 2010

18:03 BST - SPX Update

If we completed a double or triple zig zag at yesterday's high, here's a possible count for the move from that high:

SPX 1 min - count from 1127.30:

Note, however the bullish possibilities that remain (see note on chart) with the levels that need to be taken out to exclude them. The single zig zag count referred to is the one shown earlier.