Nov 11, 2010

SPX - Cash Index

        More than 2 months the bulls control the ball, slightly tired, but still in the game. Yesterday's pullback produced green bullish candlestick with not so high reliability. 
Probably 4 minor wave is forming now. Minor 4th wave is particular wave pattern, and needs it's time. We got only 3 days after toping 3th minor. That's why the correction doesn't look finished yet. I have to relabel in case the price bounce up for new high today or tomorrow.
Possible test level- 1195
Target- 1237


Good luck!

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