It looks like we've completed five waves down from 1208 to 1131. It's too short in price and time to be wave [v] though so it's most likely only wave (i) of [v]:
Thursday, August 18, 2011
S&P 500 ~ EOD Update ~ 18 August 2011
As already mentioned intraday the break of 1170 indicated that wave [v] was underway. The SPX plunged to 1131 - down 77 handles since yesterday morning!
It looks like we've completed five waves down from 1208 to 1131. It's too short in price and time to be wave [v] though so it's most likely only wave (i) of [v]:
It looks like we've completed five waves down from 1208 to 1131. It's too short in price and time to be wave [v] though so it's most likely only wave (i) of [v]:
