Thursday, May 20, 2010

SPX intraday update (Part 3)

Despite de new lows as I showed on my last chart, my alternative bullish count was invalidated. The trend still down and alternative (bearish) count still alive. My primary count (bearish) also was invalidated. As I said erlier... all decisions (at medium term) were made today! Charts latter!

SPX intraday update (Part 1)

Today is the day of all decisions!!!
The bears will need a good sell off. The bulls will need to close this gap and a daily reversel candle! Let's start the game :). My last 3 charts are still valid.

SPX daily update

The bears need more strenght to eliminate the bullish alternative count. Until friday maybe everthing is decided!