SPX intraday update (Part 2)

Friday, September 11, 2009

For now it's just another abc and seems my last alternative count is underway.


SPX intraday update (Part 1)

This is my alternative short term count.


Dow and SPX count

Dow and SPX seem to cooperate with everything that we've been saying. The count appears to be clear and we expect a correction right way. 5 wave structure is complete, solid divergences are appearing, we hit the top of the daily rising wedge, the top of the short term channel etc etc etc... tomorrow is 11'th September, typically a bull day since the world trade center attack, but we just don't see how can this thing go higher tomorrow! We leave you a few charts.
Best to your trading.

Some different options for the end of this wave P2.

At short term:

Dow, rising wedge and divergence



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