Tuesday, 12 October 2010

17:57 BST - SPX Update: possible count for corrective move from today's low - but it counts as an impulse too

The move up from today's low could count as an impulse or a correction, so no help there. Here it is as a corrective W-X-Y:

SPX 1 min - ending diagonal from 1131.87:

So, nothing to do but to continue to watch 1167.95 and 1155.71.