spx update

At short term the waves are (still) unclear but the downtrend is still undeway and the H&S projection is still valid. So, at this point the odds suggest new lows. Good trades to all.

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spx update

Two charts in this update. I'm labeling this wave 5 as an ending diagonal but at spx cash is possible count this last wave as impulsive. So, I will following both counts very closely.

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spx update

I still have doubts in the short and medium term counts. However today action left me a little more bullish since the downside pattern seems a double or triple zig zag. To invalidate this movement the bears should have more strength. Happy trades.

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spx update

My primary count still in play.

SPX may have completed the ending diagonal but seems more appropriate to consider that there is still missing one last wave to finish the pattern.

Potential top will be between 1575-1580. Above 1580 I will consider another options to this last wave 5. Use stop loss and good trades to all.

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