Tuesday, February 26, 2013
Wave 2 extend more than expected in price and time. However after that a good seell off appeared sugesting wave 3 is underway.
My primary count is wave 3 is underway but for now the bears have made (only) 3 waves to the downside. Because of that, at green I add the alternative bull count.
Don't expect SPX above the 1501 in the next days, so let's see what "they" do tomorrow.