Based on Chart 2, expect a final blue [5]-up or could truncation per the EDT. Green extends.
[1430pm] SPX squiggles -
Also to td12: wonder if this chart is what you comments are referring to. Regarding NDX and its new high today, see the extensive analysis in the latest weekly, as well as the 215pm entry below. [215pm] SPX/NDX update -
NDX made a new high, ES/SPX did not confirm yet. In both indexes, either the green (SPX) or gray (NDX) wave (v) is in progress, or the larger degree fourth wave (purple 4 in SPX and green 4 in NDX) is already in motion. See NDX points the way (2/10/12) for details.
Given that the Dow, TRAN, midcap and RUT are lagging, the bearish ii-up in SPX could survive. Let's see.
[7am] ES update -
Up on news regarding Greece. Squiggles best count as seven up from the recent low in ES as well as DAX at the moment. 