SPX daily update

Tuesday, November 10, 2009

Expecting some (at least) pulback until the close but this not happen. So I change  my count , at short term, cause normally I like count this waves with gaps (cash), without any decent retracement and any negative divergence  as waves iii.

At short term the bulls are in control and seems a double top is possible. If SPX made new highs the odds suggest SPX is doing an irregular abc and the shorts could be covered at wave C (alternative count).

blog comments powered by Disqus

Post a Comment


The opinions listed on this blog are of the author only, and shall not be deemed as financial advice, or any other sort of advice. All visitors to the blog should do their own research before making any decisions. This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses any one might sustain from the content provided. Author is not a registered financial advisor. Author does not engage in dispensing financial advice.

  © Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP