Tuesday, August 16, 2011

S&P 500 ~ Intraday Update 1 ~ 16 August 2011

The SPX gapped down and hit the 1188 support area early in the day. From there we rallied back to yesterday's high:

If 1170 breaks wave [iv] most likely ended at 1204. A break of yesterday/today's high on the other hand should lead to a rally to 1230ish.