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, January 6, 2010
1/6 - SPX : The Bullishness Continues Updated
This is starting to look like a possible final minute [v] Ending Diagonal. Minute [v] doesn't have to touch the upper EW Channel line. It can also complete near the mid-line, which is also a typical target.
This may work as well since it would make minute [v] .618x minute [i] another typical Fib relationship.
We'll see!
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