SPX intraday update (part 4)
Tuesday, February 10, 2009
A quick chart to show that maybe the mini iii of i of iii of V is finished or close to it.
A quick chart to show that maybe the mini iii of i of iii of V is finished or close to it.
Trend line broken, new lower low and break the 848 pivot shows that we are in iii of v. Enter short at 850. Good luck for all.
Dax looks, in short term, more bullish than SPX due the trend line is still valid.
This last move to new lows looks like corrective but i see already 5 waves to the upside. So i need more data to understand this movement. On other hand, i would like to see some bearish divergency if spx goes to new highs. I still wait the 89x's to be short.
Today seemed that SPX all session formed some kind of a triangle. Choppy session but i expect one more high to close this uptrend.
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