Tuesday, March 6, 2012

SPX Daily - Tuesday, Mar 6

@ 4 PM

May be safe to say that 1378 was the top.
The exact squiggle count from the top may not be fixed for a while.

@ 12 Noon

Today's action favors the 1378 top.


  1. I'm thinking 1378 will hold - but as typical with tops...i expect some big retracements ... I'm thinking LD down...with tuesday's low being C of the ABCDE....so D would be a retracement...and after leg E finishes...you'd get a big 2 wave retracement

  2. i've got this rally as (leg a) of D ... of my proposed LD down from 1378

    i expect to get 1365 out of D when completed