Monday, July 26, 2010

S&P 500 ~ Intraday Update 26 July 2010

I've just noticed that I haven't posted yet the following chart:

The start of the June rally looks very similar to the rally from 1057. In June the rally was 90 points, so this rally may hit 1150 (1060 + 90). That target also matches my EW count.

Edit 2:20pm: If the market doesn't move for another ~30 minutes it'll the rising trendline. Let's see what happens there.

Edit 2:30pm: We're at the trendline now...