SPX intraday update (Part 3)

Wednesday, July 8, 2009



Impulsive waves down but at same time too small for a wave iii. So the bears must be careful. In the last chart looks like an EDT and it's possible SPX test the trend line (885-890 points) again. Later i will show one alternative bull count.

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DAX intraday update (Part 2)


Perfect test on the trend line!

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SPX intraday update (Part 2)


Seems the bearish count (no flat wave) wins. Down here we go!

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SPX intraday update (Part 1)


Corrective wave underway and difficult to count.

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DAX intraday update (Part 1)


In DAX cash is more difficult to find one flat wave so for now this is my primary count.

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SPX daily update




After this day i still have doubts about the better scenario. As i sayed at the afternoon this wave looks more corrective than impulsive so my primary count is the 3-3-5 scenario (flat wave). Despite this the upside is too limited as you can see in the big picture chart.

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