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Wednesday, June 2, 2010

S&P 500 - Make it or break it!

It is "Make it or break it" time for the S&P 500 A move below "key" support at 1,065.87 will leave me with no other choice than to adopted the alternate count shown below. But if support at 1,065.87 holds, then I'll keep my count above a expect a rally higher over the next few days towards the 1,130 and possible 1,150 area.

As said if key support at 1,065.87 breaks then the Top Alternate Count below becomes the favored count calling for wave III of III down. If that happens we should see a decline to at least 971, but more likely the 889 area.


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