Friday, June 10, 2011

SPX Daily - Friday, Jun 10

@ 4 PM


@ 1:30 PM

Minute 1 = 1371 - 1312 = 59
Minute 3 = 1345 - 1277 = 67
Minute 5 could again be about 60 points, taking the SPX to 1235. But since 3 is longer than 1, wave 5 could also extend.

5th waves can be tricky, they can truncate, be the same size as 1 & 3, or even extend. One can never be sure if it was i of 5 or the entire 5. Until wave iii breaches wave i low.

@ 12 Noon

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