SPX update
Tuesday, July 31, 2012
Since June SPX is under a complex pattern...My primary count suggests a triple zig zag but I'm not sure if is correct. Let's see what "they" do!
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Following my medium term count. Possible triangle as wave X for the bull case is still valid.
Since May lows SPX seems finishing 5 waves to the upside as leading weadge. So, at this point the waves suggest the bullish count (chart 1 and chart 2) is underway.
Since the 2012 high's and following my long term count two counts are possible:
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