Above 1278 we should see 1290 to 1300 (inverse H&S target and wave 1 = 5 at 1292) and below 1262 the uptrend is in serious danger:
Tuesday, January 11, 2011
S&P 500 ~ Elliott Wave Count 11 January 2011
The SPX tested the highs again today but failed to break it, so the market is still trading in the tight trading range between 1262 and 1278.
Above 1278 we should see 1290 to 1300 (inverse H&S target and wave 1 = 5 at 1292) and below 1262 the uptrend is in serious danger:
Above 1278 we should see 1290 to 1300 (inverse H&S target and wave 1 = 5 at 1292) and below 1262 the uptrend is in serious danger:
