SPX intraday update (Part 2)

Friday, February 18, 2011

For the medium term I didn't change my primary count. For me this looks more an extention of this bearish wedge. At short term It's possible the pattern isn't completed.

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SPX intraday update (Part 1)

Until now the market didn't fall.  On other hand I can't see impulsive waves for the downside.
Conclusion: The bears must be cautions and have tight stops cause the bulls are still in control.

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