SPX daily update

Wednesday, May 6, 2009

Today SPX almost finished or already finished 5 small waves. If you believe on the bear count means SPX had made (or close it) the top on short term. However, if you believe more on the bull count you can increase the longs during the next retracement (stop at the lows of the day). I will try respect the trend line cause i'm flat with the two different options. I think untill this weekend i will have more certainty what's is the better count cause we may have an sell off or a short squezze. What you think about it? Please vote on my new inquiry! Let's see what happens!


SPX intraday update (Part 3)

In my opinion this waves are very small for one possible wave iii. Moreover i see alot indecision on the markest. So i have one alternative (bear) count :))).


SPX intraday update (Part 2)

Wave iii of iii underway.


SPX intraday update (Part 1)

Maybe SPX is doing a double zig zag.



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