SPX charts, technical analysis, and chit-chat on the future. A continuing search for the "C down" wave complement to the 2008 crash cycle.
Thursday, February 28, 2013
Charts 02-28: A good start
Great close today. We made it up to 1525 with a five-wave move, and bounced hard off the wedge boundary. We need to see some follow-up damage to the indexes tomorrow, maybe taking us as low as 1491 before a bounce. This may be the last chance for the Big Bearish Wedge; if it's violated again, we'll probably break through it and head to targets up to who knows where.
I'll post more charts and longer-term counts over the weekend.
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