Sunday, July 15, 2012

S&P 500 ~ Update ~ 15 July 2012

I'm on vacation until July 25th. So unfortunately these will be the last charts until then.

The rally on Friday was quite strong and we're already in the middle of the target area for wave [ii] (1347-1365). Once this wave is completed, we should decline again and eventually drop below this year's low.

Should this rally be stronger than expected and breach 1365ish, we might still be in wave 2/(B) (target 1390ish):