Wednesday, August 4, 2010

S&P 500 ~ Intraday Update 1 ~ 4 August 2010

This market is clinically dead...

The employment numbers on Friday should reanimate it (hopefully : )).

Bad news: This is uncountable.
Good news: If it's uncountable, then it's most likely corrective.
Bad news: So it's either wave iv or wave (ii), so we still don't know more than two days ago lol.

I don't think the SPX will leave this tight range until Friday, unfortunately. May be a spike to 1130 to complete a fifth wave of (i) or a sell off to 1110 to complete wave (ii)?