Wednesday, February 16, 2011

9:58 AM Update

9:58 AM Update

Going to roll with this count today as the primary

A 1 min view

Pre Market

I am going to be out most of the day today and just wanted to share a thought. Many are calling, myself included, for a maximum move for this leg near 1335-1340.

However, should futures continue to hold here, the gap and go may also lead to this count below:

There's a daily gap below at 1289.14. Should SPX zoom past 1241 and change, this is something to keep in mind.

The hourly view of that potential.
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