Chart Update – right on schedule – January Passwords are out

FIrst, if you didn’t receive the January password and believe you should have, then send me an email. They are out, and I might use it today.

So far it looks like last week’s call for a wave [ii] of 1396ish is playing out.  Of course it’s too early to rule out more downside, but things are looking good for the primary count.  As you can see from the 30 min chart, the lower channel line has acted as support.

spx 30

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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