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.
Friday, September 25, 2009
SPX - 9/25
Well, not much was changed today other than a few label changes. What appeared to be a complete five wave structure yesterday was more clear today. I just moved minuettes iii, iv and v.
I am still looking at generally the same levels and structure. Next week should either bring the beginning of a new five wave impulse up to complete Minute v of P2 or the completion of subminuette wave 'c' to complete minuette (ii) of a new impulse down of P3.
Look at how close price came to the key trend lines. Next week will be very interesting.
I must also point out another alternate view is that minuette (iii) was underway today. Change my subminuette iii to minuette (i), subminuette v to subminuette i of minuette (iii) if that makes sense.
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