BullBear Trading: Stock and Financial Market Technical Analysis

SPX 19 JUN09 Elliot Wave

Update of the SPX Wave count. Wave Four resistance proves strong. Sufficient has been done to complete the count, although it would be unusual to get so close to the 0.382 correction of the main wave down without touching it!

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Comment by Steven Vincent on June 22, 2009 at 11:18am
Not seeing your Fib numbers on the chart but 900 could be good support. A selloff on news like the World Bank announcement usually shakes out weak hands and puts in a bottom. But we'll see.

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