Monday, July 26, 2010

S&P 500 ~ Pre-Market Warm-Up 26 July 2010

As I said on Friday wave iii should be underway with a target of 1140.

It looks a little bit wedgy though. So, the lower trendline better holds.

If the lower trendline breaks, the whole thing from 1057 could be a diagonal, leading probably since the upwaves look motive. 1057 has to hold by all means.