SPX daily update

Thursday, August 20, 2009

Appears wave B already finished today in cfd's charts.
Now, C waves usually respects certain Fibonacci ratios based on A price movement. With that in mind the final targets for this final wave C of Z can be:
Wave C of Z = 0.618*a = 1070 points;
Wave C of Z = a = 1127 points;
Wave C of Z = 1.618*a = 1218 points.

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