SPX daily update

After 3 days of rally I expect some "small" retrace at 108x's-109x's area. However the bears must be cautions cause, at short term (at least), maybe the trend just began now!

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SPX daily update - Big Picture

After yesterday rally and following my last chart, decided to take some time to look at the big picture. To get serious at the bearish case (moguita's count) it's need some strong sell off very soon and the 107x's must be broken very hard! For now this is just a dream so my primary and alternative counts favour the bull case.

 

If you believe the bear case, Moguita send me his last chart (nothing changed since his last update).

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SPX - by moguita

Ok, last run up doen's fit in last update. So we must change to an alternative count.
This one is my prefered (for now) since in DAX we can count a perfect 12345 from top.
Now, for this count to be correct we can go a litle litle litle bit up and then fall hard

PS: had no chance to talk to Filipe today and don't know what he thinks about this

Good luck

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SPX intraday update (Part 1)

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SPX daily update

At short term I agree with Moguita's count! However I still follow a possible abc since the 12xx's. Despite this, I expect a good sell off during the next days. The bears must follow the trend and control the 107x's area.

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SPX - by moguita - update

After a long weekend here is my primary count. It looks like a perfect 2 to me.
And here is my internals from today movement. Let's see if after hours will finish this.

Good Luck

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SPX - by moguita - update

3 options.

1- red
2- orange
3- brown

good luck

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Alternative count - SPX

The action of the retrace doesn't fit in my iv wave. Either this was an A of a possible triangle that could last one more day, or my secundary count (this one) could be in play.
If this scenario plays out we could see 950's. To soon for that thought, tomorrow movement will help us find if this is a iv or a ii or...

Good luck

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SPX - by moguita - update

Still not 100% sure about this triangle but no impulse waves in both sides. For now i'll keep it.

Tomorrow expect a (v) of iii an then one or two days of rest (4 wave).

Good luck

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