Thursday, July 29, 2010

Intraday Update (7/29/10)

[1135AM] SPX/mini count update -

[1005AM] SPX/mini count update - Either topped or a triangle (iv).

[810AM] SPX/mini overnight update - Yesterday's low held overnight. The good news is that there's no need to redraw and relabel yet. However, the rebound is not yet motive. Squiggles point to either the end of a triple three rebound as [2] (blue) or [3] of iii of (v)-up (grey), perhaps driven by the weekly jobs report at 830AM.