spx update

Yesterday I mentioned that today session would be very important to the short term count. Actually it happened!

For now, and with this rally, I changed my primary short term count. Since the last high's SPX made a simple zig zag so the odds suggest new high's  will be happend. For the bear cause (alternative count), SPX finished 2-3-3-1.

With this change, during the weekend, I must (again) review my medium term count (maybe another zig zag will be made to the upside). Good trades!

spx update

My primary count is still the bearish case, despite today action. Tomorrow will be an important day to define better the waves. Good lucky!

spx update

Wave 2 extend more than expected in price and time. However after that a good seell off appeared sugesting wave 3 is underway.

My primary count is wave 3 is underway but for now the bears have made (only) 3 waves to the downside. Because of that, at green I add the alternative bull count.

Don't expect SPX above the 1501 in the next days, so let's see what "they" do tomorrow.

SPX intraday update

Possible double zig zag underway in this wave 2.

spx update

Short term count suggest wave 2 is underway. I have 2 possible counts for wave 1 and my target for this (small) rebound for wave 2 is 1510-1515. Good trades!

spx update - short term count

At this point this is my primary count for the short term count.

The bears need an impulsive wave to the downside to confirm my medium term count! Let's see what "they" will do.

SPX UPDATE

After more than 100 points, since my last update, is time to be short and wait to see what the SPX will do with my medium term count. It will be important understand the pattern of this downside to understand if my medium term count is correct.
For now, the bears need an impulsive wave to the downside.