Monday, May 17, 2010

SPX Did An Inverse Elliott Wave 12345 Pattern Since 5-13-10


SPX (S & P 500, http://bit.ly/i0nsT) Did An Inverse Elliott Wave 12345 Pattern Since 5-13-10, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=. From Thursday 5-13-10's cycle high to today 5-17-10's cycle low SPX did an inverse Elliott Wave 12345 down up down up down pattern.

SPX put in a bullish white daily candle (close above the open) with a bullish/large inverse spike today 5-17-10, see http://bit.ly/i0nsT. Watch the 1157.43 upside gap from Friday 5-14-10's open, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,w14&c=. Also, keep in mind the 1110.88 downside gap.

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