This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Wednesday, July 15, 2009
930 S&P Futures is Key to Bearish Case; July 15, 2009
No time to get into detail; but 930 S&P futures (935 cash S&P) needs to hold or the immediate bearish case is most likely broken. A break of that level will make the entire fall the past couple weeks a 3 wave drop and most likely complete. I will not be short at all on a rise above 930 S&P futures. As long as it stays beneath this level, the bearish case is in full force.
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