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.
Wednesday, August 12, 2009
SPX- 8-12
Here is my stab at counting SPX. I still favor a 1-2 count thus far off the 1018 high. Tomorrow will be telling.
Of course I have not discounted the flat scenario if price peaks near or breaks above 1018.
There was a gap up today through 999. Price most likely will fill that tomorrow. Will it bounce or continue lower to form wave 3 of a new leg down?
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