SPX update - Big picture

My last big picture fail since I'm expecting new highs and because at this point the expanded triangle don't make sence. SPX above the 1575 make my big picture very bullish as I show in the following charts. Good trades to all.

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spx (big picture) update

At short term nothing changed which give me some time to (finally) review my big picture.

So, my primary big picture is still wave 4 underway in some triangle pattern as I previously posted.

However I change (a litlle) my primary long term count as this last wave seems impulsive. My last primary count is simply extended with a few more sub waves.

 

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spx update

I confess these complex patterns make me crasy and for now I'm not sure if my counts are trustfull.

Despite this, I don't see the "TOP" in the last higher high at 147x's cause the pattern to the downside is corretive. To follow this I changed my medium term count! Another possibilities are still available but to me make more sence  this count.  At short term, since the last higher high, SPX made an triple zigzag.

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SPX medium term count

Since the 2012 high's and following my long term count two counts are possible:

The bearish count is valid if you believe in a truncation in the first wave to the downside.

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SPX big picture

After two months away due the excessive work and several deadlines to perform I think it is recommended show (again) my big picture charts.

Only to remember, I'm follow this chart and I believe SPX is underway an wave 4.

The big question is whether the wave b or d is already finished or will do a triple zig zag.

Maybe the next chart (medium term count) give me some clue!

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SPX DAILY UPDATE

3 months afyer my last update I think is time to show my charts. At all time frames my charts are still valid! At short term the odds suggest wave iv is underway. So at this point I will expect some kind of complex pattern as a triangle.

I still don't see any reason to be short! Just follow the trend :D!

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Elliott waves at short, medium and long term.

At this time, as you know, I considerate wave B finished at long term.

At medium term wave c of B finished with truncation (yes I'm still hate truncations) and wave C is underway.

So (again) at long and medium term the bears are in control.

At short term wave i of (a) of C finished and wave ii is underway. This wave can be strong and will be the last hope for the bull.

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SPX daily update

Several options are still in the table but with this time action I began to like these options for the short, medium term.
For now, the sellers are in control so the bulls must have cautions.

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SPX daily update

At long term nothing changed....SPX is still in huge triangle. This triangle at this moment still may have different patterns.

So at medium term my count still the same and follows this possible triangle.

My alternative count at medium term shows the top was made and follows this triangle.

At short term, once the triangle was invalidated, SPX is labelling some wave iii. So, at this moment the bulls are in danger!

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SPX intraday update - Big Picture

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.

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SPX intraday update (Part 1)

Eureka.... Finally I feel more confident with my count at short term. This count made change my count at medium term. These last days I tried to avoid showing my count but now I'm sure and (after all) SXP is still underway wave 5 of C at the big picture (Count 1 or count 2).

At short term I believe at new highs and it's possible an inverted H&S is underway. So, I expect this trend, since 2010, will last more some months.

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SPX daily update

Some problems this week prevented me from doing any update. I will keep the bullish count as my primary despite the today's sell off. Expect some reaction at this values (129x's) or at 127x's.

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SPX intraday update (Part 1)

Changed my primary count. Now at short term the bullish count is underway. The medium term also changed my primary count and the big picture still the same (you can see here  the oldest count or here the last update).

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SPX daily update

 

Time to do babysiting! Tomorrow I will write some ideas. Good night to all!

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