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.

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DAX intraday update (Part 3)


Alternative count for DAX in cfd's.

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DAX intraday update (Part 2)


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

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SPX intraday update (Part 2)


SPX in cash seems on wave iii.

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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.

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DAX intraday update (Part 1)


Looks like impulsive.

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