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Friday, September 11, 2009

A little help from the ES mini

The top chart is the ES mini. There seems to be no other way to count this so if the mini is in a triangle, then the SPX could also be counted similarly. These two charts show that count.

The interesting thing is the way my previous count shown below leaves us waiting for the completion of the fifth wave at about the same level. 1053 may be breached, but I feel confident this area will turn the Bulls back.

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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