SPX intraday update (Part 1)
Wednesday, July 1, 2009

Until now this upside seems corrective wave. Don't expect new highs.

Until now this upside seems corrective wave. Don't expect new highs.

Nothing new to say... only just maybe this wave ii may go to the 62 % Fibonacci retracement.
Follow the trend lines and horizonal resistences and supports.

Need more data to have more confidence in this count but until now seems nice.

My two cents for 1 min Cfd's Chart count.
These waves are very messy (cause of that i prefer don't show any chart) but i think my last updates still valid and correct. So for today, i expect a nice pullback, but before that, is still possible SPX and DAX do new highs (see my possible targets on my last updates).
Read more...
Corrective and confusing waves but my target still the same.

Maybe is missing one wave and DAX will test the 61,8 % of Fibonacci. Already short DAX.
Possible final targets for this wave (ii or b):
SPX 925-930 and DAX +-4900.
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