Sp' daily, wave'3 outlook
Summary
Little wave'B completed at 1306 yesterday, and we're probably halfway done with C.
I'm not sure if we'll actually get stuck around 1340/45 tomorrow, that might be as high as we get. Just have to mindful of the intra-day action, and a few other issues - not least how Mr VIX is doing.
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Of course, the bullish maniacs won't agree with that, they are looking for new index highs this summer. Its all fixed in Europe, the Spanish bailout solved all those problems, yeah?