Replies to post #46477 on Short Term Trading Member Forum

[techcharter]

SPX Double ZigZag Continues

The futures show the Wave c zag is making an extended wave 3. Based on the prospects of Zig = Zag, the target price is 1280. Wave c zag should not truncate with respect to Wave c zig; however, there is still a good chance of Wave C truncating with respect to Wave A at the larger degree.


http://charts.insidestocks.com/chart.asp?sym=esh2&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