SPX intraday update (Part 1)
Monday, July 6, 2009

My 2 cents for SPX cash (wave ii of iii or c began).

My 2 cents for SPX cash (wave ii of iii or c began).

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Good weekend for all and enjoy it!
5 waves already on DAX. Maybe is time for rebound.
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My count still the same and expected some rebound in next monday. After that the bears will crash the 870-880 support area.
Maybe is missing one small wave to finish this first leg of wave iii or C.
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Hard day of work and beautiful day in the markets. For now this is my best count but this selloff with out any retracement difficult the count. I didn't forgot the bull case so i decided to cover my shorts and keep waiting to see what happens in the next rebound.
P.S. I would like thank Michael for his support.
Wave iii or c for the bear case began. Latter i will show my charts
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