Sunday, August 1, 2010

Intraday Update (8/2/10)

[1250PM]Mid-day update, Wilshire 5000 squiggles-

[820AM] SPX/mini overnight update -

[925PM Sunday for Monday] Near term bearish potential
They are pumping up futures again. The Sept SPX e-mini has been up as much as +8.75 so far. The advance is in sync with the view that minor wave 2-up is yet to end. However, the wave structure in the futures opens the door for some near term bearish potential - See chart
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