Very strong recovery after 5 wave impulse off the top. Just
broke through the .50 retracement in last few minutes. Potential to
retest highs into March if the Italian elections go favourably for
the pro-Euro parties on Sunday. A strong rally in the DAX on Monday
will signal all clear to the US markets.
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SPX 15min Chart
Posted by rixx on 22nd of Feb 2013 at 04:04 pm
Very strong recovery after 5 wave impulse off the top. Just broke through the .50 retracement in last few minutes. Potential to retest highs into March if the Italian elections go favourably for the pro-Euro parties on Sunday. A strong rally in the DAX on Monday will signal all clear to the US markets.