Monday, April 18, 2011

S&P 500 ~ Update ~ 18 April 2011

I do have internet for the next three weeks so I'll be able to write some short updates on my iphone during the week.

It looks like the short term alternative b wave count was the right one (see last post). The very important support level (1295-1305) held again though so the wave 2 count still looks best.

Below 1295ish next support is at 1284ish. A break above 1323 would almost certainly confirm that wave 3 is underway.