Elliott Wave Live: S&P: Intraday Update for December 3, 2010

Friday, December 3, 2010

S&P: Intraday Update for December 3, 2010

Don't be fooled by the move down that occurred at the open. Attached is the current interpretation on a 3600 tick chart. I believe that we are working w.(b) that once completed will result in an impulsive move to the upside in w.(c) of w.2. Thereafter, expect a further decline. Patience

Best of Trading

2 comments:

MikeDecember 3, 2010 at 1:24 PM
Target for w.c circle of w.Y of w.b)is 1215.25 - 1215.5
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MikeDecember 3, 2010 at 5:22 PM
The W-X-Y pattern never completed but the corresponding move up did materialize.
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Friday, December 3, 2010

S&P: Intraday Update for December 3, 2010

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