SPX daily update

Wednesday, June 24, 2009

My primary count still very nice but we must vigilant and prepared for possible alternative counts. So, in general the EW's shows:

1) If SPX do another lower low with out today's higher high the odds favor this choppiness, since yesterday, was wave iv of (i) of iii (triangle) and still valid at same order my alternatives counts (see my yesterdys charts);
2) If SPX do tomorrow another higher high the odds favor wave (ii) of iii until 912 points;
3) If SPX broke the 912 pivot the odds favor my bull case or ultra bear case (see my yesterdys charts).

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