SPX intraday update (Part 1)
Since May lows and with yesterday rally labelling this waves as impulsive began to seems inappropriate. Following my last DAX chart maybe SPX is labbeling a possible complex triangle.
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SP500
DAX intraday update (Part 1)
Sometimes I need follow another indices to undertand better what SPX is labelling. My alternative indice is DAX. What I see, since the April highs, is a huge triangle. As I don't believe in new highs during the next weeks as wave A (blue) had 12 months and it's needed more time for this wave B (at least 3 month). How this count fit SPX? I must see after lunch.
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DAX
SPX intraday update (Part 1)
Thursday, June 10, 2010
New highs, gap up and a good rally suggest mayor complex wave ii underway (double zig zag) with possible target at 109x's.
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SP500
SPX daily update
I love days like this :). Nothing to add since my last updates. If this count is correct tomorrow SPX will have a good sell off.
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SP500
SPX intraday update (Part 4)
Wednesday, June 9, 2010
Following my last charts, SPX may finished wave 2. However, for now, is missing confirmation with an impulse wave. So I showed two options:
1st - Wave 2 finished;2nd - Since the highs SPX will made an abc and wave 2 will be more complex. Read more...
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SP500
SPX intraday update (Part 3)
Some ending/leandig diagonal since the today highs (time frame 1 min).
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SP500
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