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Thursday, 08/09/2012 3:13:17 PM

Thursday, August 09, 2012 3:13:17 PM

Post# of 51788
SPX Intraday Triangle

From Tuesday's mid day high to present is a triangle. Wave e in progress. Once the triangle ends, the next wave of larger degree should be a sharp move to the 1410 area. This move could occur after hours, so it is a high risk trade.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=spx&time=&freq=

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