Friday, June 22, 2012

Friday Midday 06/22/12

It appears this morning’s move to 1333.72 was the 3-4-5 wave up I was looking for. The following move down to 1327 was then the final 3-4-5 down from 1363.46. This completes a 5 wave sequence from that high, and possibly wave 4 from 1306.62. There is still the possibility of another sequence down, with a move eclipsing 1327 signaling this. I would then expect support at 1315-1313.

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