SPX intraday update (Part 2)
Friday, June 26, 2009
Choopy and corrective session. Hard to count these waves but seems good this count.
Choopy and corrective session. Hard to count these waves but seems good this count.
As i said in last Dax update this wave don't seems impulsive. Possible wedge is forming in SPX.
Beautiful patterns inside this corrective wave.
P.S. Nothing new to say about SPX.
Clearly five waves down so the odds favor the bear case.
After this terrible day (stops fit for days like these) only see two alternative counts. I will enter short again at 928-935 points and the keystone is the next pattern to the downside (will be impulsive or corrective??).
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