Short Term Trading Member Forum

[techcharter]

E-wave of SPX Rally Out of November 2012 Low

In my last post my priamry count was a double zigzag, and the alternate count was a triangle. The triangle has won out. Wave e of the triangle has the zag to complete. Upside target of 1425. A breach of 1400 would indicate the rally is over and the price should then challenge 1345.


http://charts.barchart.com/chart.asp?sym=$INX&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk