Thursday, 18 November 2010

14:44 GMT - SPX Update

The main bearish count is looking on track. Now we just have to stay below 1207.43 for this to remain valid. The alternate bearish count is still valid at the moment, but could be quickly negated by a move above 1194.08:

SPX 1 min - bear count:

The main bullish count is also looking OK. This will be the most likely count if we do take out the high at 1207.43 and negate the main bearish count. The alternate bullish count is still a possibility, but it too will be negated above 1207.43:

SPX 1 min - bullish count: