SSEC anticipated and happened

SSEC.60MIN WE EXPECT A CORRECTIVE WAVE CIRCLE ii AT 2,840 TARGETED LEVELS ANTICIPATED ALPHA.GLOBAL.060711 Nearing our targets at 2,840-2,900. We expect this area to provide some resistance as the internal structure of wave circle i looks almost completed (we only need the final wave v to touch 2,840). The corrective circle ii could pull prices down to 2,740.
SSEC.60MIN HAPPENED. As anticipated, we had one more marginal new high on v of (v) of circle i followed by a severe correction that developed into an elongated flat. We expect prices to resume the uptrend any time now. However, if 2,700 fails to hold, the count gets negated and we are going to new lows.

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Dan-Andrei Rusu graduated in 2005 the Faculty of Economics Cluj-Napoca, “Dimitrie Cantemir” University. In the same year he joined BT Securities as a financial analyst. He is currently the Head of Research at BT Securities and a speaker with Romanian Brokers’ Association. He is an MTA (Market Technicians Association, New York) affiliate and cleared CMT level 1 exam. He is a contributing columnist for Orpheus Capitals for the ALPHA GLOBAL INDICES.