Friday, December 17, 2010

S&P 500 ~ Elliott Wave Count 17 December 2010

The SPX gained 1 handle today but still couldn't breach the 1247 resistance.

Once above it we should rally to 1260+ pretty fast:

And a bit zoomed out (chart from yesterday):

Below 1233, on the other hand, it looks pretty bad for the bulls and below 1220 even worse.

So let's see if we get a Xmas rally next week ; )