Sunday, May 23, 2010

5/23/10 - SPX E-Mini and EUR/USD PM Update

E-mini appears to be working on what counts best as a zigzag. Wave A up looks like a 3-wave structure. Wave B looks like a triangle and a thrust targets approximately 1110.

The Euro looks like it's working on a 1-2, 1-2 setup. A possible wave iii may target approximately 1.30 if it equals 1.618 * i.

We'll see in the am what we get.


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