Friday, June 4, 2010

SPX intraday update (Part 4)

My counts fail :(. Need more time to understand this action.

SPX intraday update (Part 3)

Despite the possible H&S's at 5 min, by EW's SPX need one last low to complete this flat wave.

SPX intraday update (Part 1)

At medium term I'm still bearish and began to look at this alternative count. At short term, this wave to the downside don't seems impulsive but a flat wave. So I expect another move to the upside! This and the last chart are my favourite counts for the short and medium term. The next move will be important to define my primary medium term count.

SPX daily update

Not sure if SPX is in the last uptrend wave.