SPX intraday update (Part 4)

Monday, May 11, 2009


Welcome Mr Choppy.

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SPX intraday update (part 3)



Some triangle (wave iv) or an ending diagonal/wedge in this possible wave v.

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SPX intraday update (Part 2)


Triangle in play (as you know triangles are hard to count). Don't see any reason to enter short. For me this is still a corrective wave.

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SPX intraday update (Part 1)


An alternative count due maybe SPX still in wave iv (some triangle).

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SPX daily update



Hope the weekend was good for all of you. For now this seems to be the best count for SPX. Possible test to MA 200 will be the next and final (?) target of this uptrend.

Do you remember this chart?

http://1.bp.blogspot.com/_XX1K8deKkBE/Sf-Y9XLqNGI/AAAAAAAABEk/HJGi6sMhC5Q/s1600-h/spx_bull.jpg

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