SPX intraday update (Part 2)
Thursday, July 16, 2009

These waves (rose and orange) need confirmation (see the big picture of this wave on last update).

These waves (rose and orange) need confirmation (see the big picture of this wave on last update).

Possible bearish wedge or ending diagonal at DAX. Latter i will try show the complete count for DAX.
EDIT: Not valid bearish wedge.

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.

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