Tuesday, November 17, 2009

11/17 - SPX : Intermediate (Y) or Minor A?

By this count, we are close to a completion of this leg up.

Three things line up here. Using Fibonacci ratios to predict the size of this final minuette (v) of minute [v], we see that ~1115-1116ish provides for equality between minuette (v) and minuette (i) and minute [v] and minute [i]. This level also caps off the move at the mid-line of the red trend channel as I was anticipating the past few posts.

We'll see what she does tomorrow...


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