Tuesday, 17 August 2010

18:42 BST - SPX Update: 1 min chart close up

The further new high possibility in the last post is playing out. It could now be about done, based on this labelling:

SPX 1 min close up:

However, as before, if we've completed a corrective rally, we need to start dropping as we would expect once a correction is over. If we don't, the risk of more upside remains.