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Saturday, 22 September 2012

S&P500 E-mini Futures H4 & Daily Update

Daily for the bulls: looks like wave 3 is finished and now we are in wave 4 correction. upside potential targets on chart.

H4 for the bears: still counting this as Double Threes Upward Corrective pattern as presented by R.N.Elliott in his book. As far as I'm concerned we need three waves up to finish last wave 3 - so far impulsive five wave structure has been counted as wave (a), now we are in wave (b) corrective area.


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