Monday, 13 September 2010

16:12 BST - SPX 1 min: close up on the bearish count

Following on from my last post, here's an even closer look, in relation to the [i]-[ii]-i-ii count,  at wave (3) of the ending diagonal or wave [Y]:

SPX 1 min - from 10 September:

If its the end of wave ii then we're going to have to see a swift drop. Anything else will mean the risk of further upside in the ending diagonal or something more bullish remains.