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Thursday, June 4, 2009

I've moved a few labels about, and like this chart much better. Sometimes I just need to sleep on it. The EUR/USD took a big hit just prior to the open. I'm hoping the correction is over in that market so that the SPX can get on with Wave C.

I'd prefer to see a more convincing end to such a large move, but there is still the chance that we saw the peak of Wave C at 948. We may know by the end of the day .

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

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