Elliott Market Waves: Jun 9, 2010

Wednesday, June 9, 2010

Following my last charts, SPX may finished wave 2. However, for now, is missing confirmation with an impulse wave. So I showed two options:

1st - Wave 2 finished;
2nd - Since the highs SPX will made an abc and wave 2 will be more complex.

Some ending/leandig diagonal since the today highs (time frame 1 min).

Possible triangle still underway.

Different pattern similar target.

Following my alternative count the next hours SPX may label this pattern.

Nothing changed since my last update. The both counts are still possible. If tomorrow SPX don't made new lows the alternative count is underway.