SPX daily update

Sunday, February 7, 2010

As expected SPX made a small rebound after testing the MA200. 
 My primary count shows SPX may will do some rebound until the 108x's during for a maximum of 3 days.
After that I will believe more in my alternative count as you cans see below. 

For the bull case I have the small possibility that wave P2 didn't finished and will be a triple zizag.

Following my alternative (bull) count, at short term, since the last highs (115x's), SPX made a simple zig zag and new highs will be made soon.

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