Wednesday, 3 November 2010

15:22 GMT - SPX Update on the bullish count

We may have seen a top on the bullish count today, in either wave (iii) on the main labelling or wave (v) on the alternate labelling. In either case, if we don't take out the low at 1177.65, there remains the possibility that we've only seen the 1st wave of (iii) or (v) today:

SPX 1 min - bullish count: