SPX intraday update (Part 1)

Friday, March 5, 2010

Since February 28th I changed my primary count for the bullish case. The reasons were justified and fortunately I haven't regretted that decision. At short term seems wave i (bull case) is close to finished after activated an inverted H&S's. Definitly this wave v is extending and may only finish during the next week as you can see below.

As I previous warned, above the MAE20 and 50 I will keep this count as my favorite and I will try during the weekend, using the chart above, a bullish count for the long term. All comments and suggestions are welcome!

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