SPX daily update
Wednesday, July 15, 2009

Nothing new to say. Expect for tomorrow gap up and then sell off.

Nothing new to say. Expect for tomorrow gap up and then sell off.


Possible future patterns in short term for SPX.
My primary count SPX is doing a triangle and then will make one last impulsive wave. Alternative counts are: (a) bearish wedge or ending diagonal; (b) began now wave iii of this last impulsive wave.


At my first chart you can see my primary count with some comments. The last chart is my alternative count.

Maybe very close to finished this wave ii.

Hard to count these corrective waves. Wainting for bearish signs and patterns.

Gap up and then in a middle of the day a good sell off (I hope :))



It is very hard to label these waves but i'm still bearish in short time frame.
Since the lows of this morning both indices maybe are doing a bearish wedge. Latter i show my charts for the short term.
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