Thursday, November 29, 2012

spx update

I confess these complex patterns make me crasy and for now I'm not sure if my counts are trustfull.
Despite this, I don't see the "TOP" in the last higher high at 147x's cause the pattern to the downside is corretive. To follow this I changed my medium term count! Another possibilities are still available but to me make more sence  this count.  At short term, since the last higher high, SPX made an triple zigzag.

Friday, November 16, 2012

spx update

At this points, as I posted in my last chart, does not make sence count this waves as wave 4. However the waves aren't clear and can't find any impulsive wave to the downside. So my primary count suggests SPX is labelling another X wave to the downside. 

Saturday, November 3, 2012

spx update

Different pattern, same wave! I will still count this wave as 4 cause don't see nothing impulsive to the downside. Possible wedge is underway!