Monday Mid-day Update

Just a quick update. 1334 SPX cash is the key area to watch, should it impulse up over that area, then 1360+ is likely next. On the other hand, should it break down below the lower trendline of this rising wedge, then wave [iv] is likely on and 1277-95 next target.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.

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