Monday, July 27, 2009

Minute V Appears To Be Complete




As of this posting, I have minute V complete at 98.40 for SPY and 982.49 for SPX. A new 5 wave substructure appears to be playing out to the downside.

The following are possible retracement levels (rounded) for the entire 5 wave impulse from 7/8 to today's high:

38% = 94
50% = 93
61.8% = 91

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