Tuesday, July 6, 2010

S&P 500 ~ Elliott Wave Count 6 July 2010

On June 21st the SPX sold off 23 points and then rallied 10 points.

Today, the market declined from 1042 to 1018, that's 24 points and the rally so far is 10 points.

So, this is pretty much the same. On June 22nd the SPX sold off further (24 handles from high to low) so let's see if we get the same tomorrow.