SPX daily update

Friday, August 5, 2011

At long term nothing changed....SPX is still in huge triangle. This triangle at this moment still may have different patterns.
So at medium term my count still the same and follows this possible triangle.

My alternative count at medium term shows the top was made and follows this triangle.
At short term, once the triangle was invalidated, SPX is labelling some wave iii. So, at this moment the bulls are in danger!



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