Friday 17 July 2009

S&P – Daily Chart update


Hi Everybody,

Well, the S&P has reached the minor DP (form the prior minor wave b high) level now, so a minor high “may” unfold in this area.

We will have to wait and see what the markets decides to do. But either way, we have “projected in advance” a level where we focus on for a possible minor high. Remember the DP stands for Decision Point, so the market will make a “decision” here, put in a minor high or push through strongly.

Thanks

Steve