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Sunday, June 13, 2010

S&P 500 - Still in black circle wave 2

My favorite count is, that black circle wave 2 has become a flat correction and that we still should see a move higher towards the 1,130 - 1,150 area before black circle wave 2 ends setting the stage for black circle wave 3 down.

It is a possibility that black circle wave 2 already ended at 1,105.48 and we have seen the first sub wave i down and that we currently is in wave ii which has just ended or will end early next week. A break below 1,080.28 will add credence to that count.

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