SPX intraday update (Part 2)

Thursday, October 1, 2009

These corrective waves (until now i only see zig zags) are hard to label. After all seems the triangle was not completed, and for the bull case i only can see a bullish wedge.


SPX intraday update (Part 1)

Hard to label this pattern but i show another alternative count.


SPX daily

We are still pointing north. It seems that with todays action we morph into some kind of triangle. Maybe stops being taken make this move down bigger than it should be. Maybe P3 has started (don't really believe it). Lets see tomorrow how it develops. We still think higher for now.

Best to you all.



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