Thursday, July 14, 2011

SPX Daily - Thursday, Jul 14

@ 4 PM

It is possible to count v of (v) of 5 as a truncated fifth. Completing the first 5-wave impulse down.
Wave 2 bounce could commence tomorrow.
Freestockcharts.com still having problems, quotes don't look correct.


@  2 PM

Best guess is 5th wave is extending, we may be bouncing up in wave iv of 5. 
The next leg down would complete the first 5 wave impulse down. 
The expanding triangle would have to be wave 4.

@ 12 Noon

Freestockcharts.com is down.

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