SPX intraday update (Part 3)
Wednesday, September 9, 2009

Another (alternative) count with extended wave v as i told in last post.

Another (alternative) count with extended wave v as i told in last post.

This wave extended a little more than expected and i change the count at short term.
P.S1. Alternative count: SPX is inside wave iii of v, doing extend wave v.
I think that is in progress a final abc that could lead us to to top of P2.
I think at this point we could easily say that P2 is not over yet. And trend lines seem to confirm that although saying that we are reaching the limits of this up move. I leave a few charts of the Nasdaq showing the strenght of those lines.
Best to your trading PH

My last update is still underway so new charts only tomorrow. Good night to all with sweet dreams.


My last updates for both indices.
EDIT: This wave iv maybe is doing a triangle... (2 minutes latter) or maybe not.
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