SPX - by moguita - update

follwing my last update, this has all the signs of a perfect wedge.
Let´s see what the day brings

Good Luck

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SPX daily update

I'm still on holidays (until the end of the month) but today Moguita can't show his charts. So, Decided to update my charts.

Resuming these last days... everthing still the same!!! My last two charts (long term and short term) are still developing.

During the next days I expect some pullback and higher bear pressure (red is my alternative berish count).

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SPX - just a thought

The truncation is dead, Filipe's happy ;))

Mr Market is keeping it hard to count, so today i have no count just this thought

Good luck

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SPX - by moguita - update

Following last night update...we just hit the neck line, now it must hold
Look's like a never ending story...
last move up seems a 5 wave up, so it may finished truncated...time will tell


Good luckl

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SPX - by moguita - update

Since this move up doesn't look like a micro II, so i had to change my long term count. I changed this last move to a C of 2

So this is my count for the moment. We still are in the field of a false inverted H&S.

Good luck

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SPX - update

Filipe's on hollidays...again...grrr
I think this is the way he's counting this move
And this is the way i'm counting. We can still have one more push up but that should be it.
There are a lot of possibles H&S and inverse ones, in hourly and daily bases, someone has to give up.
EUR/USD is pointing down, so i'll keep my count as a primary one


Good luck

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EUR/USD

today's action make me belive we are ready for the big fall. We may get a little rebound till tomorrow, but then this market should bring reality to us.
Today we were able to know that several banks in europe just "forgot" to mention 70% of the debt from south countrys when they were subject to the stress test... LOL... for those who belives this test were serious...

In Portugal we just thanks that ECB will keep lending us till 2011. We and the spanish, and the irish, and the greeks, and...
We know that if there's no ECB we just were in default, so i think: is there fundamental's that suport a big move down in EUR? I say: are you serious?

Good Luck

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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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