Friday, August 6, 2010

8/6/10 - EOD Update

SPX - 30 MIN

As posted in yesterday's AM update. Looking for subminuette ii of minuette (iii). With the early morning selloff after the jobs report, keep an eye on those MAs for possible support.

SPX - MAs
 Testing the 200 SMA with a possible hammer right at the neckline.

11:30 AM UPDATE

The count still works. The redline is the limit though for this count (if it is a wave 4) to hold up. That level is 1104.32, the top of micro [1].

EOD


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