Wednesday, May 30, 2012

S&P 500 ~ EOD Update ~ 30 May 2012

No EOD rally today (as you probably noticed... : )), the Dow stopped right at 12460 (http://www.wavaholic.com/2012/05/dow-jones-intraday-update-2-30-may-2012.html).

The move from the lows looks very corrective (probably a fourth wave) so at the moment it looks like we'll decline to 1295ish once again:


The ADP employment change and the GDP are released tomorrow before the open so we could get another huge gap (up or down).