SPX intraday update (Part 4)
Friday, May 22, 2009

Two possible H&S's. Who wins? The bears or the bulls? I prefer the bear count but latter will see what happened.

Two possible H&S's. Who wins? The bears or the bulls? I prefer the bear count but latter will see what happened.

The cfd's charts are messy but on cash charts seems a typical abc.


Short term maybe is doing some wedge. Possible H&S's? I don't think so but keep in mind the last chart.


Sorry, very little time today... However, I have to say that Teddy Bear has arrived.



SPX activated the H&S's and made a excellent sell off at the end's session. Despite enter short at 915 points i'm still flat and because of that i made two different counts.
Sincerely hope that the bear count is the correct one but maybe i will taking profits at 89x's (depending the waves pattern). The 89x's will decide the next movement, so keep the eyes in this area.
P.S. Tomorrow i will try count DAX.




Mix signals and confusing waves. Apart these counts new highs will be made on SPX and DAX.

Latter i will try count DAX (big picture) but now seems this wave (subwave?) is close to finished.


This pullback at the end's session was expected, so i don't change my count again. The 900-890 must support this "small" pullback to SPX complete this wave v through 12345 or abcde subwaves.
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