Thursday, October 22, 2009

SPX - 10/22 AM UPDATE


Here's another alternate count. We could still be forming the final minute waves 4 and 5 for Minor 5 of Intermediate (C) to complete P2. The count is labeled in blue as "Alt".

If price breaks below 1060, this alternate count is most likely out. If this count is in play, then I would expect a final push from minute 5. It is possible it would truncate as well and still fall short of 1100.

We will see if we get the end-of-day selling just like yesterday.

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