SPX intraday update (Part 1)

Wednesday, June 24, 2009

Seems SPX is in wave 3 of C of (ii) of iii. Maybe the top is on 912 points.

EDIT1: Maybe SPX is already in wave 4 of C of (ii) of iii so the 912 points to a final target of this wave seems until now preety good.

EDIT2: 5 waves down since 910 points so new impulsive wave began. Stop at the today highs.


SPX daily update

My primary count still very nice but we must vigilant and prepared for possible alternative counts. So, in general the EW's shows:

1) If SPX do another lower low with out today's higher high the odds favor this choppiness, since yesterday, was wave iv of (i) of iii (triangle) and still valid at same order my alternatives counts (see my yesterdys charts);
2) If SPX do tomorrow another higher high the odds favor wave (ii) of iii until 912 points;
3) If SPX broke the 912 pivot the odds favor my bull case or ultra bear case (see my yesterdys charts).

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