Thursday, January 6, 2011

S&P 500 ~ Elliott Wave Count ~ 6 January 2011

What a waste of time!

So, it's all about how the market reacts on the employment change tomorrow: If it rallies above 1278 1290 to 1300 is very likely imo, and if it sells off it should find support at 1265ish and then rally to 1300:

The uptrend remains intact as long as the channel holds and the market doesn't close below 1253.