Thursday, August 26, 2010

S&P 500 ~ Intraday Update 1 ~ 26 August 2010

Edit 1 pm: the daily pivot (ES) is still holding, we break that we should see some downside. I'm out for the rest of the day, next update after the close. See you ; )

The SPX rallied in the beginning but couldn't break the 1060 resistance. Wave v should be underway now with a target of ~1030:

Again: this count is invalid if the SPX reaches 1070.66.