Tuesday, September 21, 2010

Elliott Wave Update - September 21st

Seems like the market put a top of 5 waves on the sub-minuette at 1148 today, it still has a chance of being a W1 of a 5 but if 1136.22 gets taken out then it should confirm the end of the rally and make the wave down an A. The trend on the daily is still up and we would need a close under 1124 to confirm a trend change.

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