Wednesday, April 3, 2013

SPX intraday update

Today action suggest the top were made yesterday. Let's see if the bears made 5 waves to the downside. Good trades to all!

P.S. Special thanks to my friend Carlos for giving me the chart.

spx update

My primary count still in play.
SPX may have completed the ending diagonal but seems more appropriate to consider that there is still missing one last wave to finish the pattern.
Potential top will be between 1575-1580. Above 1580 I will consider another options to this last wave 5. Use stop loss and good trades to all.