Tuesday, June 8, 2010

SPX - EOD

SPX - BEAR COUNT

SPX - BULL COUNT

Well lookie here. MACD turned just as it was about to hit the trendline as speculated last night. Once again both counts work, however, now we need to see if a double bottom has formed. 

Looking for subminuette c up for the bear count. Wave c=a at 1105 and 1.618*a at 1145. 
For the bull count, we're looking for the start of minuette (iii) with a possible target of 1105 [(iii)=(i)] and 1145 [(iii)*1.618(i)].

I'll try to get more out later if time permits.

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