Friday, March 12, 2010

3/12/10 - SPX AM Update



Here's another way to count this move. I can see a minute [iv] pullback towards the rising trendline before a final wave 5 push higher towards the previously mentioned Fib targets.

However, the bulls will need to push/close price above 1150 or risk signaling a double-top, which I believe everyone is looking at right now.

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