SPX daily update
Thursday, October 22, 2009
Today the odds suggest wave P2 finished with a trucation in last wave in futures and cfd's. However we need some confirmation about it:
1st: SPX need 5 waves down (until now we have only 3 waves).
2nd: SPX need broke the 108x's.
3st: SPX need broke the trend line since the March lows and since the 98x's.
4st: SPX need broke the 98x's.
The last chart is my alternative count and for now the bears must have eagle eyes.
Good luck to all
