SPX intraday update (Part 1)
Friday, June 26, 2009
As i said in last Dax update this wave don't seems impulsive. Possible wedge is forming in SPX.
DAX intraday update (Part 1)
Beautiful patterns inside this corrective wave.
P.S. Nothing new to say about SPX.
SPX daily update
After this terrible day (stops fit for days like these) only see two alternative counts. I will enter short again at 928-935 points and the keystone is the next pattern to the downside (will be impulsive or corrective??).
SPX intraday update (Part 1)
Thursday, June 25, 2009
Today was a hard day of work and in the markets. So my primary count is not valid and for now this is my primary count. However don't forget my bull count (I will update latter the both charts).
SPX daily update
Until now for my primary count everything is alright but tomorrow we need a true sell off (before this, maybe the bull will try conquer the 91x's).
SPX intraday update (Part 1)
Wednesday, June 24, 2009
Seems SPX is in wave 3 of C of (ii) of iii. Maybe the top is on 912 points.
EDIT1: Maybe SPX is already in wave 4 of C of (ii) of iii so the 912 points to a final target of this wave seems until now preety good.
EDIT2: 5 waves down since 910 points so new impulsive wave began. Stop at the today highs.
SPX daily update
My primary count still very nice but we must vigilant and prepared for possible alternative counts. So, in general the EW's shows:
1) If SPX do another lower low with out today's higher high the odds favor this choppiness, since yesterday, was wave iv of (i) of iii (triangle) and still valid at same order my alternatives counts (see my yesterdys charts);
2) If SPX do tomorrow another higher high the odds favor wave (ii) of iii until 912 points;
3) If SPX broke the 912 pivot the odds favor my bull case or ultra bear case (see my yesterdys charts).
P.S. I hope continue to improve the blog with your support so if you like this you can being part of this community as follower and/or click on "it" you know what's "it":))).
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