Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Monday, October 24, 2011
SPY Daily EW count. Wave b up,developing.
Well, first count was the correct one and we were wrong,thinking about a big retrace.Last week, the "clue line" was correct,but not the one posted yesterday. Wave b (green) is in the red circle target and only we have to wait and see how this wave will continue developing..