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.
Thursday, October 22, 2009
SPX - 10/22 AM UPDATE
Here's another alternate count. We could still be forming the final minute waves 4 and 5 for Minor 5 of Intermediate (C) to complete P2. The count is labeled in blue as "Alt".
If price breaks below 1060, this alternate count is most likely out. If this count is in play, then I would expect a final push from minute 5. It is possible it would truncate as well and still fall short of 1100.
We will see if we get the end-of-day selling just like yesterday.
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