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, March 12, 2010
3/12/10 - SPX AM Update
Here's another way to count this move. I can see a minute [iv] pullback towards the rising trendline before a final wave 5 push higher towards the previously mentioned Fib targets.
However, the bulls will need to push/close price above 1150 or risk signaling a double-top, which I believe everyone is looking at right now.
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