Monday, May 3, 2010

S&P 500 ~ Fractal 3 May 2010

A normal Monday... The market rallies 1.3% today!

As the 2007-fractal suggested we got a big rally today.

Next resistance is at 1209. If that's breached I expect a rally at least to 1220 but more likely to 1230 to complete wave [d] of an Expanding Triangle

Stop for this Elliott Wave Count is now at 1186 (Friday low).