SPX daily update

Friday, December 18, 2009

Since middle of November SPX is doing zig zag after zig zag and a possible bearish wedge or ending diagonal is underway.
Despite all alternative counts (we can made with these formations some diferent counts and today I decide to show 2 of them) the mayor pattern is underway and the top, for the big picture,  may will be between 1030-1050 points.
Mayor conclusion: For me SPX didn't already made any top. It's close but is missing some points (and for me some pacience). 



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