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Saturday, September 22, 2012

$SPX: Daily chart with EW count and forecast.A possible retrace to 1,375 or a major downfall?

This last push up for minor wave 5 of intermediate wave c of primary wave B of cycle wave 2 is lasting more than we think. Legally ( In EW count terms), this retrace could go to 1,576.43, that was cycle wave 1 on place in october,2007 so, this retrace target is worth to checkout, for bears and bulls.