Thursday, August 5, 2010

8/5/10 - EOD

SPX - Inverted Head and Shoulders
This is all I have for now. The 15 min count can be found in the post earlier today.

SPX - Daily MAs
Still above the MAs. The 13 EMA is racing for the 200 SMA.

Tomorrow may bring a breakout of the consolidation that has been going on for a bit now.

For those following the ending diagonal scenario, tomorrow's jobs report could launch the final wave c of 5 up in a throw-over towards 1140-1150.
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