5.22.2012

Expecting that the bounce will continue until resistance zone [1328.xx - 1339.xx] is visited.

SPX
Expecting that the bounce will continue, so a pullback will be a buy opportunity until resistance zone [1328.xx - 1339.xx] is visited.
This bounce will form the wave 4 inside the wave (III) of the correction wave C. It means that the downward move will be resumed once this wave 4 ended.

2 comments:

Trade-in-Harmony said...

Great Analysis

StockMarketWinner said...

Trade-in-Harmony,
Thank you for your visit and comment.