Click image for original size
The shooting star candle formed after testing the July 2008 low.
IMO, if Friday closes below the this weeks low, we will see a multi-week decline, or else the market will march towards 1250 level before declining.
LE
leob
Rep: 533
Posts: 57
The shooting star candle formed after testing the July 2008 low.
IMO, if Friday closes below the this weeks low, we will see a multi-week decline, or else the market will march towards 1250 level before declining.
LE
leob
Rep: 533
Posts: 57
Click image for original size
Another look at the SPX weekly chart with a 5-wave Elliott Wave and a probable A-B-C correction after the 5th wave.