Tuesday, March 9, 2010

3/9/10 - SPX EOD [2:30 PM RUT Update]

[2:30 PM RUT Update]

An update on the RUT. Looks like so far price is respecting the purple trendline, which is parallel to the lower red one below.

The count looks done or very close to it. I added the orange EW channels, which has price very close to the top channel and may signal an end to this move. However, there still may be one final push higher tomorrow if the structure near the end of the day was a wave iv.

The bottom chart includes the 60 min MACD. I spot one trendline break. Looking to see if there will be a second.


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