Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Friday, October 7, 2011
$SPX EW count,1 min and 15 min charts and my guess for the first two movements,on monday.
$SPX price action,maybe has complete, or is near to complete, the first wave 1,down, of wave c.
Once complete wave 1,down,we can have a rebound,or wave 2 to upper levels as shown in this 15 min chart and then,maybe, a wave 3 down that should rebound at the 38% fib retracement,as shown in this chart.
On monday we will be looking very closely the price move so we can label the EW counts in real time.