Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Monday, July 27, 2009
Minute V Appears To Be Complete
As of this posting, I have minute V complete at 98.40 for SPY and 982.49 for SPX. A new 5 wave substructure appears to be playing out to the downside.
The following are possible retracement levels (rounded) for the entire 5 wave impulse from 7/8 to today's high:
38% = 94
50% = 93
61.8% = 91
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