Monday, September 28, 2009

SPX 9/28: Wave 1 LD-

I just wanted to put this one out there again with a closer look at the possible LD that ended today. They are pretty clean three wave structures. But of course this could just easily be a wave 4 expanding triangle.

And say it is a wave 4 triangle. This would make for a nice 5 wave impulse up from the 9/25 (1041) bottom. If that bottom is minute iv and this new impulse is a minute v, it is also possible it completes tomorrow and truncates.

Either way, we should see a move higher at the open. Take a look and decide for yourself.

1 comment:

  1. you unstopable!!!
    so the right count is that this is iv of 1 of v as i told you yesterday i hope you bet on my count and not on yours.