Sunday, March 28, 2010

3/28/10 - E-mini (SPX)



This is a count of the mini off the bottom (SPX equivalent is 1044.50). I've been stressing this triangle for minute [iv] and so far the case for this count continues to strengthen.

The line chart shows some fairly clear 3-wave substructures for the triangle so far. Please note that the upper triangle trendline was drawn in arbitrarily. The lower trendline may be adjusted if (c) is not complete.

The count remains valid unless wave (b) is breached at the top or wave (a) is breached below. So either trendline may still be adjusted.

Let's see what the minis do overnight.

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