Friday, 6 August 2010

18:26 BST - SPX Update - wave [4] triangle?

We might be in a 4th wave triangle here. The lines that I've drawn in may need adjustment as price action develops. The one certain thing is that if its wave [4], it mustn't end above 1115.29, the wave [1] low:

SPX 1 min - complete double zig zag count: