SPX monday daily update

Monday, July 27, 2009

Hello there. My favorite count puts blue 5 ending in near 1000 points, as you can see in one of the charts.
On the other side, I have some doubts looking at the 10 min chart. I can see some impulsive movement that I should not be able to see. For that reason, I made an alternative count that brings the extended blue wave 5 scenario to the table.
My favorite count still is the one of the ending diagonal, since i don't trust 10 min time frame for Elliot wave counting. I use it to confirm my count but that wont happened today.
Charts today are from 4 hour CFD's. My provider is having some problems with the cash ones.
Lets see how this thing plays out.

Best to your trading



The opinions listed on this blog are of the author only, and shall not be deemed as financial advice, or any other sort of advice. All visitors to the blog should do their own research before making any decisions. This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses any one might sustain from the content provided. Author is not a registered financial advisor. Author does not engage in dispensing financial advice.

  © Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP