SPX intraday update (Part 1)
Friday, June 5, 2009
For now the bulls control the trend so most likely the existence of leading diagonal (the pattern is not perfect but is what we get).However i believe one test on support area (935-940).
SPX daily update
Sometimes this corrective waves are hard to count but the key area (94x's) was conquered by the bulls and now they have everthing to do new highs. Since the yesterday lows i don't see anything impulsive in this wave but i consider this wave like a leading diagonal.
P.S. Because of this movement covered my shorts at 940.
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