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techcharter

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techcharter

Re: techcharter post# 43936

Tuesday, 06/29/2010 8:47:53 AM

Tuesday, June 29, 2010 8:47:53 AM

Post# of 51804
SPX FUTURES DOWN BIGTIME - Rally Over?

If yes, then a wave 3 of 3... drop is in play. The bounce was overcome by much stronger bearish forces than anticipated, wave c of 2 truncated. The futures broke the lows from last week's selloff by 5 points.

If no, then the next best wave count is wave b of wave 2 flat. The bounce is still going. Target of 1092 is possible, but the time to reach it has been pushed to Thursday, a ratio of 1.
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