Friday, April 8, 2011

SPX Daily - Friday, Apr 8

@ 4 PM
That was quite a roller coaster today....
We can now be sure that today's top was the whole Minuette v, completing Minute 1.
Minute 2 correction should be next.

@ 1:30 PM
We are still stuck in the range of Minuette iv.....


@ 12 Noon
We can confirm that Minuette iv is indeed over.
The breakout from the triangle, may be the entire Minuette v, completing Minute 1.

The move down from the today's high looks impulsive and way too deep retracement to be subminuette (ii) of Minuette v.

I think we will know for sure by the end of the day.


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