Tuesday, July 14, 2009

SPX intraday update (Part 1)




Possible future patterns in short term for SPX.

My primary count SPX is doing a triangle and then will make one last impulsive wave. Alternative counts are: (a) bearish wedge or ending diagonal; (b) began now wave iii of this last impulsive wave.

SPX daily update



At my first chart you can see my primary count with some comments. The last chart is my alternative count.