Monday, May 10, 2010

S&P 500 ~ Pre-Market Update 10 May 2010

The ES is currently up more than 50!! points!

I posted this on Thursday and four days later it seems as this might happen.

The rally on Thursday can be counted as wave 1 or A and the decline on Friday as wave 2 or B. Subwaves [i] and [ii] of wave 3 or C were already finished late Friday. Today's gap up will be counted as wave [iii] of 3 or C with subwave [iv] and [v] to come later.