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Tuesday, May 22, 2012

$SPX: EW count and forecast. Wave 4 in place. Up tomorrow?

Early, we posted that, maybe, wave 4 was in place at 23.6% retracement but this wave has been in place at the 50% retracement. Tomorrow we may see the development of wave 5, of some kind, up.

$SPX: EW count and forecast.

At 14:00 ET, one alternative is some kind of wave 3 and 4 in place and it can be due for a extensive wave 5,up.

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