SPX intraday update (Part 3)
Thursday, August 6, 2009
Hello dear wave ii or b :). Possible bullish wedge in this subwave v.
Hello dear wave ii or b :). Possible bullish wedge in this subwave v.
SPX need new lows to confirm the end of wave "i" or "a". For now we have only one abc so new highs are still possible. However it's also possible wave "ii" or "b" already began. Let's see what "they" will do.
Today i show my alternative count as i still see to choppiness and yesterday's wave to the downside was corrective.
The bulls want to complicate the bear's life but my primary count shows the wave ii already began and for now the odds suggest an double or triple zig zag.
Temporary count for SPX. Values above 1003 invalidate this count.
Still wainting for new highs in DAX but at short term the counts of this wave "c" of "e" are not so trustful.
SPX still inside the bearish wedge so i change a little my count.
At SPX maybe the wave "i" or "a" was finished at the end of session. Expect new highs at DAX in the morning and then the start of wave "ii" or "b". Tomorrow new charts and new counts will be made :).
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