SPX daily update

Thursday, October 22, 2009


As I suspected it seems that wave P2 didn't finished yesterday. I will change the primary count as since today's lows SPX made an impulsive wave.
Alternative count: P3 already began and SPX is doing wave ii.
Best trades for all.

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SPX intraday update (Part 1)


For now SPX didn't gave any bear signals at long term and I still have some doubts about it. At sort term the bears control, hovewer the pattern since last day are truly choppy and complicated to count.

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Wheat update


Nice impulsive waves since the lows.

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SPX daily update


Today the odds suggest wave P2 finished with a trucation in last wave in futures and cfd's. However we need some confirmation about it:
1st: SPX need 5 waves down (until now we have only 3 waves).
2nd: SPX need broke the 108x's.
3st: SPX need broke the trend line since the March lows and since the 98x's.
4st: SPX need broke the 98x's.
The last chart is my alternative count and for now the bears must have eagle eyes.
Good luck to all

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