Monday, August 17, 2009
Since several weeks SPX is inside various corrective combinations so the patterns are not clear. Despite this my primary count (new medium term count) shows SPX is doing a final wave of this bear market labelling an ending diagonal. My alternative count suggests SPX still inside wave B doing a double zig zag (old medium term count).
P.S. Until the end of the month i will be on vacation but i will try update all days the SPX count. Best to you trading.