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.
Sunday, May 23, 2010
5/23/10 - SPX E-Mini and EUR/USD PM Update
E-mini appears to be working on what counts best as a zigzag. Wave A up looks like a 3-wave structure. Wave B looks like a triangle and a thrust targets approximately 1110.
The Euro looks like it's working on a 1-2, 1-2 setup. A possible wave iii may target approximately 1.30 if it equals 1.618 * i.
We'll see in the am what we get.
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