SPX intraday update (Part 1)

Tuesday, March 24, 2009

Choppy session where the wave (iv) of iii of v made a double zig zag and now the wave (v) is doing some kind of ending diagonal or wedge. I expect more choppynes due SPX will do the wave iv of v after close the wave iii of v (don't sure if already had finished).


SPX daily update

Still have some problems with my computer but i'm here to made the SPX update.

With those new highs during the morning, showed that the bull countertrend count was incomplete. So, since March SPX is in the Primary wave 2. My target for this wave will be between 38 and 50 % of Fibonacci retracement during, at least 6 months. However, this first minor wave can finished during this week, between the 84x's and 87x's, as you can see in the pictures.



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