Sunday, November 15, 2009

11/15 - SPX Sunday Update

10 Min

5 Min: A Closer Look

I just wanted to update my primary count and further label the subwaves. Unless I'm missing something (feedback is always welcomed here), this count from 1105.37 seems reasonable to me.

Additionally, instead of the 78.6% retracement of what I believe would be minuette (ii), I have highlighted a 61.8% retracement target for minuette (ii). I'm not ruling out the previous chart, just wanted to highlight this retracement level as well. In this case, subminuette wave 'c' of minuette (ii) equals .618 x subminuette 'a'.

This will be an interesting week...


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