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Monday, October 10, 2011

11:04 ET Spy EW Intraday count.

On friday EOD we post the possibility of beeing on wave 3 and looking for a wave 4 with a retrace of 38.2% of the complete move up or a bigger retrace(61.8%) as a wave 2. Price action show us  that this wave 3 continue with a little wave 4 retrace and now in a wave 5. IF I'm right (only a possibility) we could have a top here, to get a bigger retrace as I was looking for on friday EOD.

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