SPX intraday update (Part 2)

Monday, June 8, 2009

Typicall zig zag on SPX. Maybe already finished this downside or maybe is missing one last wave. Some times the easier way is the better. So keep in mind the both trend lines to catch the next movement.


SPX intraday update (Part 1)

Decide not do update early cause the count at this moment is choppy and hard. Now seems more an abc but still some doudts how feets in the big picture. Maybe some flat or triangle. The flat in cfd's for now is not valid cause this last lave must be in 5 waves and i see only abc. Maybe in cash we can see these 5 waves. In the case of the triangle is still early to be sure. Despite these doubts I think SPX likely will test the 920-925 points and then maybe will do new highs.



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