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| SPX - 5 Min - Primary Impulse down |
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| SPX - 5 Min - Corrective Option down |
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| SPX - 60 Min - Primary |
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| ES |
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.
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Wednesday, February 22, 2012
2/22/12 - EOD Update
The head and shoulders top pattern I posted yesterday is still in play and the market is channeling down at the moment. I present two 5 min charts below highlighting the counts for today's move.
Price moved back below the lower half of the channel and continues to diverge with MACD.
Lets see if ES stays withing the channel overnight.