At this point I show 2 alternatives for the count. This is because SPX and DAX are diverging from Nasdaq and Dow. On November 3rd Nasdaq and Dow had make a low, while Nasdaq and Dow don't. My favorite count puts SPX on the highs before correcting.
Best short term strategy at this point, may be wait for the the end of the retrace ( wave b or 2) and then enter long.
Best to your trading
PH
Some thoughts we share about the euro currency. After this yellow "c" wave we are going down! Who starts first? SPX P3 or euro? Lets wait and see.
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Another (alternative) count with extended wave v as i told in last post.
This wave extended a little more than expected and i change the count at short term.
P.S1. Alternative count: SPX is inside wave iii of v, doing extend wave v.
I think that is in progress a final abc that could lead us to to top of P2.
I think at this point we could easily say that P2 is not over yet. And trend lines seem to confirm that although saying that we are reaching the limits of this up move. I leave a few charts of the Nasdaq showing the strenght of those lines.
Best to your trading PH
My last update is still underway so new charts only tomorrow. Good night to all with sweet dreams.
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