SPX daily update
Wednesday, August 19, 2009
Todays action seems like a small correction wave since the yesterday lows. So at least i expected one test until 96x's-97x's.
SPX daily update
Tuesday, August 18, 2009
After some hard weeks, finally the wave patterns were more clear and suggest one flat wave in this wave B.
If you like this chart: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAPt-zBZht5M_SlhWLiDH8hyphenhyphenHN_s5Y4pB2NjsOaLcMaSIIlWoIvu_C7ulPpVHYcEhay5W-SxYvJWGRQP0__xJ3E5RKJh7mUha9F-yoiOdzXGL4q_voDXzScsvtWX0npTTpTUodY285OOcM/s1600-h/spx-1.jpg it's possible the top were already made at 1018. However, for now i will prefer count this wave as "B" (the label suggests a corrective wave) and waiting for one last wave "C" to finished this rally since the March lows.
SPX daily update
Monday, August 17, 2009
Since several weeks SPX is inside various corrective combinations so the patterns are not clear. Despite this my primary count (new medium term count) shows SPX is doing a final wave of this bear market labelling an ending diagonal. My alternative count suggests SPX still inside wave B doing a double zig zag (old medium term count).
P.S. Until the end of the month i will be on vacation but i will try update all days the SPX count. Best to you trading.
SPX intraday update (Part 1)
Friday, August 14, 2009
No time for any chart but we are in the same swamp as the previous days (weeks) so a lot of different readings are still possible. The diferent valid counts are:
Wave B doing double zig zag (old count in the big picture); wave b of v of v (last count in the big picture); possible triangle.
Hello friends.
In the sequence of my weekend update i leave you the Dow transportation index chart. I think rose wave 4 is done and that we have started a final sequence of waves. Plus, there's a pretty nice channel that deserves "maximum respecto" ;)
Best to you trading
PH
SPX daily update
Thursday, August 13, 2009
Today i decided change all my counts and today makes much sense the medium and short time frame.
At short term i used this count of last week: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF6OJAUrtDIFIeZuqledSuDd0H0PL9-wC06kO3l2iS-f8ab1DV0dlWZfYbnbeph9hw_duKrgCSJu4wX4YW4Q6xkDy5T8S4N-M1BpWTGQAn-MiUmGPmDRrvAnIhyphenhyphen1VDP_c9sw2wf__Czufd/s1600-h/spx_bull.jpg.
I would like to see some discussion about my changes and know your view of the markets.
SPX intraday update (Part 2)
Just follow Nelly cause she knows where the market will go!!
P.S. Just to relax.
SPX intraday update (Part 1)
We are in the same swamp as the previous days (weeks) so a lot of different readings are still possible.
SPX daily update
As SPX didn't made new highs the last change for the bears is a double zig zag formation in this wave ii or B.
Subscribe to:
Posts (Atom)
