Wednesday, March 25, 2009

SPX daily update



SPX complete 5 waves and maybe this mayor wave "a" or "1" is complete. However the last half hour to close SPX make me think about one extention on the wave v of mayor "a" or "1". So far the market is very bullish so the odds are better on the bullish case. If we broke today highs maybe this uptrend close on 880-900 points. If this is already the mayor wave "b" or "2" i still think the 750 is the final target.
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