Today the markets decide to resume my doubts about the top and the beginning of wave P3. These doubts were legitimate due the complex pattern (leading diagonal) of wave i. For now my last update is still valid and (as i said before) until SPX remains below 1027 i will keep it as my primary count.
P.S. I have similar count for DAX.
Finally a good sell off to confirm the beginning of P3. The final confirmation sets SPX below 970. Until SPX remains below 1027 i will keep it as my primary count.
Since Friday highs we have only one clear impulsive wave (this morning). However i see this impulsive wave inside a corrective wave. I don´t trust in this downside and you?
P.S. Please vote at my poll to know what you think about it!
EDIT: This don't seems wave iv as i show in my last chart. Below 101x's my 2nd alternative count is underway.
My primary count was invalidate and cause of that i change the targets of P3.
Next i will show two alternative counts and their problems....
1st alternative count:
2nd alternative count:
Some options to play. Currently i don't have time to explain my charts.
P.S. In the charts A is B (my mistake).
The clock is beating tic tac for my last holiday day and I have to be prepared for the next wave...For now the wave seems to be controlled since the last update is still my primary count. Good weekend for all and enjoy the sun and the waves as i did this morning :))).
Possible pattern for the end of P2. For now it's time to enjoy the last days of my holidays.
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