These last two days remember me the beginning of wave P2 (in March), so for now, we must respect the bull and follow the trend (or if you are bear like me stay out). Due this day i made some changes in my last update. Hope everbody had survived this short squeeze and are all right.
Huge short squeeze and the bull is back! Until the sessions end i didn't see any bearish signs. Latter i will do my updates.
New trend started (wave Z) so new highs will be made during the next weeks. In short term i still don't see any bearish signs.
Read more...
Possible bearish wedge.
EDIT: Not bearish wedge but maybe SPX is doing iii or v of final v.
Today is the day... or we started new uptrend with new highs or we have a mini crash. Despite this i expected sell off during the afternoon.
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.
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