Monday, August 15, 2011

S&P 500 ~ Intraday Update 1 ~ 15 August 2011

The SPX consolidated above 1170 on Friday and seems now ready to move higher. It already hit 1195 this morning - just a few handles below my target:


If we break 1200ish this fourth wave could even reach the 50 % retracement at 1230.