SPX intraday update (Part 1)
Thursday, July 9, 2009
Too much work today and didn't have time to see any count. I'm only trying to show some possible patterns intraday. Everthing seems too choppy and corrective for me (Hard days to trade).
SPX daily update
Not to much secure in this downside and also with this count due the counts between cash and cfd's aren´t similar. This is the possible scenario in the bear case. However in the short term i see this downside limited. Tomorrow is another day and the puzzle will have more pieces to understand it better.
DAX daily update
As you know, since yesterday i didn't like this downside due the waves, despite impulsives, were to small for wave iii. So at short term, the DAX seems made a wedge and maybe is time to have some rebound.
SPX intraday update (Part 3)
Wednesday, July 8, 2009
Impulsive waves down but at same time too small for a wave iii. So the bears must be careful. In the last chart looks like an EDT and it's possible SPX test the trend line (885-890 points) again. Later i will show one alternative bull count.
SPX intraday update (Part 2)
Seems the bearish count (no flat wave) wins. Down here we go!
DAX intraday update (Part 1)
In DAX cash is more difficult to find one flat wave so for now this is my primary count.
SPX daily update
After this day i still have doubts about the better scenario. As i sayed at the afternoon this wave looks more corrective than impulsive so my primary count is the 3-3-5 scenario (flat wave). Despite this the upside is too limited as you can see in the big picture chart.
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