SPT UPDATE
Friday, June 22, 2012
With this sell off I will change my bullish perspective to neutral! The principal reason isn't because this sell off but the choppy patern since the May lows.
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Since May lows SPX seems finishing 5 waves to the upside as leading weadge. So, at this point the waves suggest the bullish count (chart 1 and chart 2) is underway.
Since the 2012 high's and following my long term count two counts are possible:
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