In my opinion, the move since 1040 is motive and almost finished. Thus, we should see a correction of this 60 handle move very soon. A possible target is today's gap (1090) or the low 1070's to form a right shoulder of an inverse H&S.
Friday, September 3, 2010
S&P 500 ~ Intraday Update 1 ~ 3 September 2010
A possible short term count:
In my opinion, the move since 1040 is motive and almost finished. Thus, we should see a correction of this 60 handle move very soon. A possible target is today's gap (1090) or the low 1070's to form a right shoulder of an inverse H&S.
In my opinion, the move since 1040 is motive and almost finished. Thus, we should see a correction of this 60 handle move very soon. A possible target is today's gap (1090) or the low 1070's to form a right shoulder of an inverse H&S.
