SPX daily update

Tuesday, August 18, 2009

After some hard weeks, finally the wave patterns were more clear and suggest one flat wave in this wave B.
If you like this chart: http://2.bp.blogspot.com/_XX1K8deKkBE/SoSBqkNVmII/AAAAAAAABwc/fR9JKagL5sQ/s1600-h/spx-1.jpg it's possible the top were already made at 1018. However, for now i will prefer count this wave as "B" (the label suggests a corrective wave) and waiting for one last wave "C" to finished this rally since the March lows.



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