After a brief introduction, Roy from the Elliot Wave Practitioner spends a few minutes on the SPX, and does an excellent job explaining his count, in detail. It is still possible that gap up at the 1110 level will get filled, but a break below 1080, could be the start of something much bigger. He also lays out a couple different ways the SPX could play-out on the way down, and what clues to watch for to have a heads up of the markets intention. To view his short clip of the SPX, Click here!!!
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Saturday, June 12, 2010
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this is a better video, showing several options. last week roy was uberbearish, it was obviously not the right time to so.
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