Thursday, August 12, 2010

S&P 500 ~ Intraday Update 1 ~ 12 August 2010

Wave (i)/[a] possibly finished at 1077 today in the morning:

A push back up to 1100-1110 should occur now.

There is one thing though that really scares me. The recent downmove from 1130 is very similar to the action we saw just before the flash crash (the first days in May). If the market turns down again around noon I think it's definitely worth watching.