S&P500: Elliott Wave comment at 23rd of September

S&P500 break of 1200 would be a confirmation of our bearish model. Otherwise, index above 1255 would restart the sideways movement.

For S&P/MIB, a break of 27.000 is necessary to confirm the bearish movement. In case of index above 28.300, the bear market would be stopped for a moment.

For Elliott Wave counting, further details, targets, setup dates and technical charts, please refer to my S&P500 and S&P/MIB Weekly Reports.

For other RNE Trading articles on italian languages, look at here:
http://www.smarttrading.it/default.asp?idlingua=1&idContenuto=4259
http://www.trend-online.com/?stran=izbira&p=blog&id=192951

H.F.L.