Thursday, January 14, 2010

1/14 - SPX AM Update [10:10 AM Update]

[10:10 AM Update]

Perhaps a small scale H&S is in the works? Target is approximately 1140. This would correlate with either wave iii down or c of iv. Either one translates into a 1.618 Fib relationship with wave i or 'a' respectively.

I'm not completely sold on this count but this is my best take. I show the bounce from yesterday's low as a wave (ii).

The alternate count is labeled as well. GL!


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