Friday, August 20, 2010

S&P 500 ~ Intraday Update 1 ~ 20 August 2010

The SPX moved lower again today and hit 1064 around lunch time suggesting that wave (iii) is underway.

I think that wave i of (iii) ended at 1070.66. I'm not sure though whether wave ii ended yesterday at 1080 or is unfolding in an expanded flat with a [C] wave to come on Monday (= Mutual Fund Monday? ;))