SPX daily update

Sunday, February 21, 2010

 
 Following this chart I decide update the bear and bull scenario. The both counts are possible and still believe more in the bear case. However, the price is above the MAE's 20 and 50 so the bears must stay attention the 11x's area (high resistence).

For the moment (at short term) the EW's suggest the pattern is incomplete so the odds suggest another higher high tomorrow.

P.S. I want to leave a special thanks to Gonçalo for his support, colaboration and on SPX  EW's updates suggestions.

Publicada por Filipe Miguel em 7:50 PM
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