SPX intraday update (Part 1)
Thursday, April 23, 2009

I covered my shorts on 845 points. Don't like this upside so i give this alternative count.

I covered my shorts on 845 points. Don't like this upside so i give this alternative count.

Sorry guys, today i had hard day of work and had only time to see the last 30 minutes of the session. However, my last update worked like i expected. Today this wave B or ii had finished, so for tomorrow i expected the continuation of this down side.

Don't change my count despite the interception of the micro wave iv with micro i of v of "a" of 2 or B. If this wave "a" of 2 or B is not finished i expected only residual highs.
EDIT: If SPX extends a litle more this uptrend and test the 855 area maybe this count is not valid and the waves "iii" and "iv" must be "a" and "b".

I think this wave is close to finished.
EDIT: My possible wave iv intercept wave i so this count is not valid. Maybe this wave v is doing abcde or already finished. I need more data to understand better this movement.

Maybe is missing one wave down to finished this wave 1 or A. similar count for spx.

My count (draft) for this wave v.
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