Thursday, 2 September 2010

16:09 BST - SPX Update: 15 min chart: divergences between price and technical indicators suggest a top should be in or near

Divergences on the 15 min suggest we should be near a top of some sort for this move off the late August low:

SPX 15 min:

Its consistent with a count of 5 waves up near completion from the low on 31 August as shown in my previous post. However, price action needs to confirm now.