S&P500 crash is not over. Possible pullback at 1150, or 1180 at maximum. Then the fall will keep going on, and the target is below 1100.
S&P/MIB will play consequently and will be dragged down. Support at 25.500 will be broken soon. Possible pullback at 26.500 at maximum, then the bear market will go on.
For Elliott Wave counting, further details, targets, setup dates and technical charts, please refer to my S&P500 and S&P/MIB Weekly Reports, still valid even not updated.
H.F.L.
Tuesday, 30 September 2008
S&P500: Elliott Wave comment at 30th of September
Posted by Graziano Nanetti
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