Friday, 13 August 2010

18:56 BST - SPX Update: 1 min chart

If this corrective count is correct there shouldn't be much more upside to go - partly because there isn't much room left if this count is to remain valid (I've shown it as needing one more push up, but its quite possible its already complete:

SPX 1 min close up:

If the 1086.72 high gets taken out, then I'll look to the alternative marked on the chart as possibly playing out.