Thursday, June 3, 2010

S&P 500 ~ Intraday Update I 3 June 2010

The SPX hit a new high at 1105.67 today. About 30 minutes ago we broke out of an intraday triangle and have been selling off since then. Possibly an ABC from the top:

For the bullish case 1070 must hold, a drop below that level and wave [iii] should be underway.