SPX daily update
Tuesday, April 14, 2009
New highs were made! And now? Well, i need more data to understand better this pattern.
In the bear case, on SPX cash, since last week lows, we can see 5 waves done. However in cfd's, SPX made an interception with the possible micro i and iv. So, in Cfd's i'm count this pattern like an ending diagonal triagle or a rasing wedge. Consequently, SPX can made one more high to finished this pattern.
In the bull case (each day that pass i like less this count), SPX may will do a small retracement but must accelerate this upside with a good rally.
