Important support below is the 1295-1300 area. Should the SPX breach this level the next objectives are 1280ish and 1260ish.
Interesting Chart of the Day today:
Source: BusinessInsider
I guess we need QE3 soon.... : )
Wednesday, March 2, 2011
S&P 500 ~ Elliott Wave Count ~ 2 March 2011
We got the new low around the 1300 area at noon and then bounced again. This bounce so far is too short to qualify as a second wave though so more upside is likely tomorrow. If we can break above 1314 we should rally into the low 1320's imo.
Important support below is the 1295-1300 area. Should the SPX breach this level the next objectives are 1280ish and 1260ish.
Interesting Chart of the Day today:
Source: BusinessInsider
I guess we need QE3 soon.... : )
Important support below is the 1295-1300 area. Should the SPX breach this level the next objectives are 1280ish and 1260ish.
Interesting Chart of the Day today:
Source: BusinessInsider
I guess we need QE3 soon.... : )
