Looking at the 24-hr future data, the move down, so far, looks corrective on both S&P and NDX futures
Looks can, of course, be deceiving, and there is no saying how deep a correction can cut, but, so far, I see no reason to doubt the general wave count that I have been carrying on my charts.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago