Tuesday, 10 August 2010

19:16 BST - SPX Update - 1 min chart

If we've been seeing a 4th wave correction today, it getting rather large compared to the 2nd wave. That doesn't invalidate it, but it does raise the question whether, perhaps, this is what we're seeing instead:

SPX 1 min:

Obviously, its invalid if we move above 1129.24.