SPX medium term count

Sunday, June 3, 2012

Since the 2012 high's and following my long term count two counts are possible:

The bearish count is valid if you believe in a truncation in the first wave to the downside.


SPX big picture

After two months away due the excessive work and several deadlines to perform I think it is recommended show (again) my big picture charts.
Only to remember, I'm follow this chart and I believe SPX is underway an wave 4.
The big question is whether the wave b or d is already finished or will do a triple zig zag.
Maybe the next chart (medium term count) give me some clue!



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