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.
Tuesday, September 8, 2009
SPX 9/8 PM Update-
I hope everyone had a nice weekend.
I had no time today to count waves. Nevertheless, I think these two charts speaks volumes. That is one bearish wedge.
1039 and 978 (probably can move this up to 992 as well) are the two levels I am still watching. But I will say, even a break of 1039 may not mean that much at all if this pattern holds.
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