Thursday, May 5, 2011

SPX Daily - Thursday, May 5

@ 4 PM
We are close to completing the final zigzag in this combination correction.


The Nasdaq Composite chose to have a single zigzag instead of a combination for this correction.

Squiggling the 1-Minute SLV chart.
@ 11:30 AM
Today's action confirms this has to be a wave 2 down.
We might be in for a triple zigzag correction here.


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