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Monday, January 14, 2013

$SPX: At the end of the road?

Early we posted: "We are alert and watching the next price movements between these two dotted lines (1464.68 & 1474.51). The break ( down or up) of one of them will trigger bearish..." and tday, SPX low has been at 1466.06 and High at 1471.82. We think that last wave 4 and wave 5 of minute wave 2 (orange) are in place so tomorrow could start a minute wave 3.
We are sharing 2 charts. The first is an hourly charts and the second one is a 5 minute chart so we can count better the smaller waves.

60 min chart

5 min chart

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