Friday, 6 August 2010

15:49 BST - SPX Upate

For the completed zig zag/double zig zag count, I'm tempted to count today's action like this (you'll see I've move the end of wave ii so that [C] truncated):

SPX 1 min - completed double (or single) zig zag:

We need to take out those levels mentioned in last night's update to increase confidence in a top - the 1088.01 level remains the main one at this stage.