SPX intraday update (Part 1)
Tuesday, June 16, 2009
Still count in spx cash and seems we are in wave 3 of 5. Any rebound to 920 i will considerate like wave iv of v (stop at 923,64).
Still count in spx cash and seems we are in wave 3 of 5. Any rebound to 920 i will considerate like wave iv of v (stop at 923,64).


Sorry guys i had a difficult day and didn't had time to do any update during the day. Today was a perfect day for the bears but i'm flat cause everthing still possible. The patterns are alot confusing and hard to count in cfd's. So i showed two different counts on SPX cash (bear and bull case). Despite all, tomorrow i expect another lower low and then let's see what the bulls will do.
As everyone knows I'm on holidays this week but despite this i updated my charts every day. If you worked this week hope you enjoy this weekend to relax, go to the beach and drink and eat well. Life is very good and i'm feeling alive :))).

Everthing clear and all right for now. Maybe this wave C could finished between 990 and 1000 points. Let's see how wave iii will develop.

Similar count for DAX. no change nothing in the big picture. New highs are coming.

Not change nothing in DAX, despite the confusing intraday patterns. 5300 points here we go!!!!
P.S. Corrective patterns sucks :(((!!!!!


I expected new highs very soon despite the confusing patterns. This time i give two alternative counts but for now i prefer the triangle.

Maybe is missing one simply wave to complete this wave A of P2.
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