Quick Mid-Day Update

Avi Gilburt By

The SPX is now pressing hard on the 6720SPX support.  Should this break in a sustained fashion, the trap door opens and this can easily project down to the bottom of the (a) wave support box in the 6200-6400SPX region.  As it continues to develop, we will track the micro structure on the ES chart, with a much larger i-ii downside potential now.
60minSPX
60minSPX
15minES
15minES
Avi Gilburt is founder of ElliottWaveTrader.net.

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