Monday, 20 September 2010

115:25 BST - SPX Update: ending diagonal becomes the most bearish count

So, with the high at 1131.47 gone, this is now the most bearish count - the ending diagonal in its final wave. It has to stay below 1150.84, as mentioned in Friday's end of day update, on this leg to remain valid assuming the labels are in the right place:

SPX 1 min - ending diagonal: