SPX intraday update (Part 2)
Wednesday, July 15, 2009
New trend started (wave Z) so new highs will be made during the next weeks. In short term i still don't see any bearish signs.
Read more...New trend started (wave Z) so new highs will be made during the next weeks. In short term i still don't see any bearish signs.
Read more...
Possible bearish wedge.
EDIT: Not bearish wedge but maybe SPX is doing iii or v of final v.


Today is the day... or we started new uptrend with new highs or we have a mini crash. Despite this i expected sell off during the afternoon.

Nothing new to say. Expect for tomorrow gap up and then sell off.


Possible future patterns in short term for SPX.
My primary count SPX is doing a triangle and then will make one last impulsive wave. Alternative counts are: (a) bearish wedge or ending diagonal; (b) began now wave iii of this last impulsive wave.


At my first chart you can see my primary count with some comments. The last chart is my alternative count.

Maybe very close to finished this wave ii.

Hard to count these corrective waves. Wainting for bearish signs and patterns.
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