Elliott Market Waves: 06/01/2011

SPX - by moguita

Thursday, June 30, 2011

And i have a alternative count to Filipe's one. ;)
This patern (as far as i can see) goes for every index. I have a alternative to this alternative: since we hit the 50% retracement to the drop from the top, this could be a 2º wave.

PS: we are back testing the neck line of the H&S and de MM50 in the cash

Good luck

SPX intraday update (Part 1)

My last update showed that the key at short term was 1303 points. Yesterday the SPX closed above this value... So at short term, the alternative count is underway. I will show my chart latter.

SPX daily update

Wednesday, June 29, 2011

My big picture and medium term count still the same. Despite this, at short term I have Moguita's similar count but my alternative count suggests SPX is labelling a mayor triangle in this wave X.

SPX - by moguita - update

Saturday, June 25, 2011

Here are my counts.
My favourite one: we already have i and ii of 3, now a big drop.
second: we already have 1,2,3 and 4, now five waves down
third: we end 4 wave next monday and then 5 waves down

Good luck

SPX intraday update - Big Picture

Thursday, June 16, 2011

At long term I still believe SPX is inside a triangle. So the better count at medium term to show this picture is SPX is labelling an double zig zag at this mayor wave C or A.

SPX intraday update (Part 1)

At short term the SPX only made 3 waves to the downside. Besides this at medium term began to lose confidance in my medium term count...I will see another possibilities.