SPX daily update
Wednesday, October 7, 2009
Wave 5 underway and the top at short term maybe is at 107x's.
Read more...Wave 5 underway and the top at short term maybe is at 107x's.
Read more...Possible triangle (wave iv) or berish wedge/ending diagonal (wave v) underway.
Read more...
Since yesterday, everthing still the same. So wave E is underway and new highs will be made very soon.


Some considerations at my charts. I don't like see SPX at this values and the bears must bring quickly SPX below the 104x's. If not, the all move from 1080 was made by a double zig zag as you can see in my last chart.
The bears are in trouble and force me to go back to my previous count. Latter i will show my chart and some alternative counts.
Read more...
As expected SPX went to 1040 zone. Now is time to another sell off to complete this wave since the 108x's.
Possible bearish wedge is forming since the 101x's. Possible target for this wave iv at 1035-37.
Read more...© Free Blogger Templates Nightingale by Ourblogtemplates.com 2008
Back to TOP