Boring mid day chart update

Posted on September 21, 2012 by alphahorn

If you look at the 60 min chart below, you will notice that the SPX has tracked from the lower barrier boundary to the upper and then back again all the way up during this rally.  Accordingly, should history repeat itself, we should expect to see one more pullback to around 1444 to complete intermediate wave (4).  

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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2 Responses to Boring mid day chart update

  1. Tony D says:
    September 21, 2012 at 3:49 pm

    I have been trading this correction and profitable thus far, so thanks for the late afternoon post. They do help in my case.

    Reply

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