Wednesday, May 11, 2011

S&P 500 ~ Intraday Update 1 ~ 11 May 2011

The uptrend line is broken:

So after all it looks like the (b) wave count was the right one. A potential target for wave (c) is a double bottom around 1330 or a lower low at around 1320. If we go lower than that my count is most likely wrong.