It really doesn't matter is you see the wave 2 correction as a double zig-zag or an Expanded Diagonal, the outcome will be the same. we should be close to the top after touching the 50% retracement target at 1,071.18. We should soon see a break back below the resistance line calling for the beginning of wave 3 down.Thursday, July 8, 2010
S&P 500 - Wave 2 as an Expanding Diagonal
It really doesn't matter is you see the wave 2 correction as a double zig-zag or an Expanded Diagonal, the outcome will be the same. we should be close to the top after touching the 50% retracement target at 1,071.18. We should soon see a break back below the resistance line calling for the beginning of wave 3 down.
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