SPX daily update

Wednesday, June 17, 2009



I remain suspicious of this decrease, due the bear case have some problems like possible truncation on cfd's (and futures) and for other hand the wave Y was to small for me (if i count since the March lows like 12345 waves, as i showed last night, this problem disappears). Because of my suspicious i recovered my shorts at the end of the session. The next upside pattern will be important to clarify my counts.

P.S. It's possible wave v is not over yet but i not expect a large drop since the closing session.

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