Friday, March 11, 2011

S&P 500 ~ Elliott Wave Count ~ 10 March 2011

The SPX rallied back up to the resistance area around 1305 and then sold off again to the late February low:

The low did hold and as long as it isn't broken the bulls can still win this fight imo. If you have a look at the November correction I'm sure you can see some similarities between the current and the November correction, so, please use stops if you're short ; )

Once 1295 is broken my next targets are 1275, 1260 and 1220-25.