Elliott Market Waves: Mar 30, 2009

SPX daily update

Monday, March 30, 2009

I changed a little the mayor wave 1 to put the minor wave "e" on the struture of this wave. I short term, SPX is doing the wave "a" that can be finished in the 770's, to close the last gap. After this, i expected one corrective wave (wave "b") followed by another pullback that can finished between the 50 and 62 % of Fibonacci retracement. This area is an important support for SPX and i expect some rebound after this test.

DAX intraday update (Part 3)

Alternative count for DAX in cfd's.

DAX intraday update (Part 2)

DAX in cash made already 5 waves down, so i expect some retrace in this values.

SPX intraday update (Part 2)

SPX in cash seems on wave iii.

SPX intraday update (Part 1)

Need more data to understand this movement but i have some alternatives. Or SPX made a failed wave "e" and is already on mayor wave ii or is doing one ending diagonal. At this point i not sure which one is better count.