SPX intraday update (Part 5)

Wednesday, July 1, 2009

Trend lines and corrective patterns to follow.


SPX intraday update (Part 4)

Since yesterday lows SPX made a corrective wave like expanding diagonal triangle. This fits with my bearish count.


SPX intraday update (Part 3)

New highs were made but still thinking SPX is in the same wave since 25th of June. Despite this, the bears are in trouble but i'm still short and prefer the bear count.

P.S. Yesterday everbody expected new lows and today SPX made new highs so when everbody expected new highs new lows will be made.


SPX intraday update (Part 2)

Something is wrong on this count. Need more data to understand this action.


SPX intraday update (Part 1)

Until now this upside seems corrective wave. Don't expect new highs.


SPX daily update

Nothing new to say... only just maybe this wave ii may go to the 62 % Fibonacci retracement.

Follow the trend lines and horizonal resistences and supports.



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