Thursday, June 17, 2010

S&P 500 ~ Elliott Wave Count 17 June 2010

No reason to change the count after today's exciting action. We'll probably get a sideways b wave but I don't think that wave [b] is already completed. So, we may test the 1100 area again tomorrow.

I actually promised to post a fractal today but it's a medium term fractal and I'd like to post it when it gets interesting because we should see another two or three more or less flat days. So, if it continues to correlate I'll post it early next week.

Just spotted a short term fractal which I'm gonna definitely post tomorrow morning unless we'd already have exceeded ES 1117.5 by then.