Wednesday, 8 September 2010

19:23 BST - SPX Update: 1 min close up - watching 1103.26 and 1091.15

This next move up could be telling if my labels are correct:

SPX 1 min - close up:

I've re-labelled the degrees of the drop from my last post. I've also re-labelled the alternative count - that's why we need to get below 1091.15 for the bearish (1)-(2) count. And if course, for that count, we now have to stay below 1103.26.