Friday, 24 September 2010

18:59 BST - SPX Update - minor 2 top in?

Its possible that 1148.77 was the end of 5 waves up from where I now have wave [4] labelled and I can see a very small 5 waves down from there. (though you can't see it on the chart below). However, I think we need to take out 1146.38 which I have as wave (1) of [5] - until then, its possible that we're still only in wave (4) of [5]:

SPX 1 min - minor 2 top?:

If it is the top of 5 waves up from yesterday's low, we'll now have to wait and see if it was all of v of (v) or just the first wave.