Elliott Market Waves

SPX intraday update (Part 1)

Friday, March 5, 2010

Since February 28th I changed my primary count for the bullish case. The reasons were justified and fortunately I haven't regretted that decision. At short term seems wave i (bull case) is close to finished after activated an inverted H&S's. Definitly this wave v is extending and may only finish during the next week as you can see below.

As I previous warned, above the MAE20 and 50 I will keep this count as my favorite and I will try during the weekend, using the chart above, a bullish count for the long term. All comments and suggestions are welcome!

New update very soon. At short term the up wave not finished!

SPX daily update

Today's action suggest the market is exhausted but at same time is missing, at least, one spike to new highs (maybe the final target will be the 113x resistence area as I showed in my last charts). Since yesterday the odds suggest an wave iv was made, labelling an triangle. Tomorrow or monday may finished this entire wave (i or ii according the different options). Good night to all!

SPX intraday update (Part 1)

Thursday, March 4, 2010

Made one mistake in my last bull chart and only could see now this error (the iv brown is iv purple). Sorry guys :(. So is possible (again) new highs.

The bearish case show us the two options are possible. SPX may had finished wave ii or is missing at least one more high to complete this wave.

SPX daily update

All day out cause of my work and some problems to resolve. Didn't have time to count waves but as expected SPX made new highs. So maybe the top at short term (at least) was made today. Tomorrow will show my charts. Good night to all!