Elliott Wave Live: S&P Futures:FLASH

Friday, November 19, 2010

S&P Futures:FLASH

At the 60 min. chart level the current price action is impulsive in nature. If the intermediate top is in... w.(b) then a decline in 5 waves should occur to an initial target of :

w.c = .618 w.a @1166.5

w.c= w.a at 1145 (most common target)

Note: the previous 4th wave is @ 1153 region. There are also lower targets but I prefer to see what develops. Should the need arise I will publish them.

Best of Trading

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Friday, November 19, 2010

S&P Futures:FLASH

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